The Sumit Bose Committee report gives a roadmap to remove the skew in financial product regulations for products that do similar things
A dozen meetings that lasted more than a cumulative 60 hours over three-quarters of a year and much debate later, the Sumit Bose Committee Report was uploaded by the Ministry of Finance on 3 September (http://mintne.ws/1NeFMNj ). The committee was set up in November 2014 to recommend measures for curbing mis-selling and rationalizing distribution incentives in financial products. The report is now open for public comments. Disclosure: I was a member of this committee.