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CEA: Need to distinguish norms between financial & non-financial sectors

By Economic Times - 10 hours ago
Chief Economic Advisor V Anantha Nageswaran emphasized the need for distinct regulations for financial and non-financial sectors. He argued that excessive financial sector competition can create instability, citing the 2008 crisis. Nageswaran urged regulators to acknowledge their "unelected power" and balance regulation with innovation, especially in areas like crypto and online gaming, while considering social costs and benefits.

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