The Regulations Review Authority
The Regulations Review Authority
The RRA under Dr YV Reddy, its working, and contribution.
General
Last Thursday, I planned to combine a post on Clubhouse with others on blasphemy, and ‘understanding the other’. However, after a TV debate, two murders, and a Supreme Court observation, my mind became unclear on what to write. Instead, I decided to review a book that I last read. Two days is the fastest I have taken in recent times to read nonfiction. But, on a friend’s suggestion, I might send my review to a newspaper instead of putting it on my blog.
Meanwhile, I am also busy writing a chapter for an edited book. That explains why my recent posts are not that research-rich. I have instead kept digging into past mental reserves of risk and regulation for my posts. Hopefully, I will complete the chapter by the end of this month. Thereafter, I hope to go back to more historical posts on banking and central banks. Please see the About section link on my homepage for upcoming posts.
Most popular posts
As I mentioned earlier, I have no control over or knowledge of the algorithm that Substack uses to select the most popular posts. My post on Central Bank Independence, based on Dr IG Patel’s memoirs, had the highest open rate. But, in the most popular list, it was somewhere at the bottom. My post on frauds, terrorism, and bathtub, had among the lowest open rate but became the third most popular post in no time. A cartoon that I posted as a filler garnered the highest number of likes and became the most popular post in two days. That was embarrassing.
While I cannot decide on what is most popular, I can remove posts from the list. So, I removed two types of posts. One, those which were on the list for too long: ‘The Benegal Brothers’, ‘Answers to RBI Quiz’, ‘On three civil servants,’ etc. Second, those which were in the form of fillers, but became popular: Cartoon, ‘fraud, terrorism, bathtub’, ‘the story of an interview’, etc. What remains are those which I hope will get wider readership. In these, I have no say on inter se ranking.
The Regulations Review Authority
In the meantime, a former boss asked me to write a note on the Regulations Review Authority (RRA), for which I was among many special assistants. Recently, I posted on my meetings with Dr YV Reddy. It had a section on the RRA, which I titled Dr Reddy’s Laboratory. A longer post specifically for the RRA was on the cards. So, I already had a structure in my mind. This probably explains why I complied with the request which I received at around 11.45 am by around 1 pm. But, more satisfying was my former boss’s response, which my ego and vanity pushes me into sharing:
“Thank you very much.
I am amazed. The response time instant.
Most comprehensive.
Will call later to chat.”
Having run out of other options, I am posting that here with some changes to suit a general readership. I am also adding as an appendix the section on RRA from my post on Dr Reddy. This is, no doubt, a quick fix while I clear my mind on my next post.
Around 2700 words. 12 to 15 minutes read.