Mr. Gerard Colaco: Some time back you had sent me a consultation paper on minimum common standards for financial advisers and financial education. A committee on investor awareness and protection had been constituted by the Government of India to go into this subject. I just finished reading the paper, because I had quite a huge reading backlog.
The report is unlike the most other reports, because it is well written. But the contents of the report are nothing new and efforts in this area have been made even in the advanced countries, without much success.