Social issues world Habitat Day

Lack of domain expertise: The resolution corporation is a generalized regulatory body it may not be aware about the technical and sector specific nuances. Thus it may not possess domain expertise in the relevant financial sector.

Way Forward

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  The act is a step in right direction to take preventive step against any possible trouble in financial firm so as to lower the negative impact on the economy.
  
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  The issues raised need to be resolved amicably by involving all stakeholders. At the same time the government must follow Regulatory impact assessment model before establishing a new regulatory body.
  

4. 
   Centre Proposes New Contract Labour Law