Q.1) The Reserve Bank of India (RBI) recently opposed the move by an Inter-Ministerial Committee for an independent Payments Regulatory Board. Discuss the viability of a payment regulator  independent from RBI.

Q.1) The Reserve Bank of India (RBI) recently opposed the move by an Inter-Ministerial Committee for an independent Payments Regulatory Board. Discuss the viability of a payment regulator  independent from RBI.