The Reserve Bank of India is transitioning towards principles- and outcome-based regulations to offer operational flexibility to regulated entities. While this approach fosters innovation, the RBI acknowledges the importance of rule-based frameworks, particularly for consumer protection. The central bank is also exploring behavioural economics to enhance consumer outcomes and improve regulatory efficiency.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase