- RBI is set to introduce a new secured web-based portal called “PRAVAAH” (Platform for Regulatory Application, Validation And AutHorisation) aimed at simplifying and streamlining the application processes.
- The portal will display the timeframes for deciding on applications and approvals, leading to greater effectiveness in regulatory processes and making it easier for regulated entities to do business with RBI.
- RBI to launch centralised portal PRAVAAH for licencing, approval applications_50.1
- It will provide transparent timelines for the decision-making process on the applications/approvals sought by the applicants.
- This will enable the applicants to know the expected timeframes for the decision on their applications, and they can plan their business activities accordingly.
Tags:
Economics
