Protect the regulators: It is in the nation’s interest

.....The attempt by the finance ministry to act as a super regulator over all regulatory bodies in the financial sector is getting more and more exposed. This will destabilize the equilibrium which was deftly built up by eminent persons who headed the finance ministry and the Reserve Bank of India (RBI) in the formative years of financial regulation in India (there were not many regulators in the financial sector, almost till the reform days) and consciously maintained by their successors till the recent past.......

Read - Moneylife