Obtain Cabinet approval of draft amendment to the CBSI Act to strengthen the monetary policy and supervisory framework.
Introduced at R0. Macroeconomic criticality: To strengthen the effectiveness of monetary policy. At R1, Not met, but expected to be met with delay by June 10, 2012. Public consultation was held on April 23. Work on the reform of the CBSI Act is now complete and the authorities expect to submit the final draft to Cabinet for endorsement by June 10.