RBI forms advisory taskforce to assist regulatory review authority

10 May 2021 CW Team

The Reserve Bank of India has announced that an Advisory Group has been formed to assist the central bank's second Regulatory Review Authority (RRA 2.0), which was established earlier this month to streamline regulations and bring down the compliance burden of regulated entities.

The Advisory Group, led by SBI Managing Director S Janakiraman, will help the RRA by identifying regulations, guidelines, and returns that can be simplified.

The RBI established the second Regulatory Review Authority (RRA 2.0) on May 1, 2021, for a one-year period, with the goal of streamlining regulations and reducing the compliance burden on regulated entities.

M Rajeshwar Rao, Deputy Governor of RBI, has been appointed as the Regulations Review Authority. According to RBI, the RRA has formed an Advisory Group, comprising members from regulated entities, including compliance officers, to assist the RRA in achieving the goal set forth in RRA 2.0's terms of reference.

The group will assist the RRA by identifying areas, regulations, guidelines, and returns that can be rationalised and submitting reports to the RRA with the recommendations and suggestions on a regular basis.

The Advisory Group has requested feedback and suggestions from all regulated entities, industry bodies, and other stakeholders by June 15 in order to begin its preparatory work.

The RBI established the Regulations Review Authority (RRA) in 1999 to review regulations, circulars, and reporting systems in response to public, bank, and financial institution feedback.

Image Source

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..