Finance Ministry invites comments of Stakeholders and Public on the Report of the Financial Redressal Agency

The Government of India has invited comments of Stakeholders and Public on the Report of the Financial Redressal Agency by 31st January 2017. In his Budget Speech of 2015-16, the Union Minister of Finance and Corporate Affairs Arun Jaitley had announced the creation a sector-neutral Financial Redressal Agency (FRA) to address the grievances of retail consumers against all Financial Service Providers (FSPs). This follows from the recommendations of the Financial Sector Legislative Reforms Commission (FSLRC), which had, in 2013, recommended FRA as part of the Regulatory Framework designed to foster customer protection and independence and accountability of Regulators. The Task Force, constituted in June, 2015 as part of the preparatory work for FRA, had submitted its Report on June 30, 2016. Report of the Task Force...

Finance Minister invites suggestions for Budget 2017-18

The Union Finance Ministry, headed by Finance Minister Arun Jaitley has invited suggestions for the next union budget as part of the Government’s mission to promote and encourage transparency and Jan Bhagidari. The people are...

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