..........For a commission that wanted to put in place a legislative framework for the financial sector that endures for a considerable length of time, it is unfortunate that it chose to recommend that the finance minister be appointed the chairperson of the Financial Stability and Development Council (FSDC). It did this, instead of recommending a more transparent and meritocratic process of the government recommending nominees chosen through a public and transparent process, subject to the confirmation of Parliament. .............
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