Context:
The Reserve Bank of India (RBI) is preparing for wide-ranging regulatory reforms to modernise India’s financial architecture in line with Viksit Bharat 2047. These changes build on recent initiatives to simplify regulation, strengthen governance, and align credit flow with economic priorities.
Regulatory Review Cell (RRC)
The Regulatory Review Cell (RRC) is an institutional mechanism set up under the Ministry of Road Transport and Highways (MoRTH) to review, streamline, and rationalise regulations in the road transport and highways sector.
- Set up by RBI and housed in the Department of Regulation
- Operational from October 1, 2025
- Mandate:
- Comprehensive review of regulations every 5–7 years
- Remove obsolete rules (“regulatory spring-cleaning”)
Background
- Builds on Regulatory Review Authority (RRA 2.0)
- Over 400 circulars withdrawn
- Inspired by:
- Global central bank best practices
- Law Commission of India (96th Report, 1984) advocating periodic repeal of outdated laws
