The Economic Survey has proposed Transparency of Rules Act (TORA), a legislation to end any asymmetr

Discussion in 'Banking' started by Peggy, Sep 19, 2017.

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  1. Peggy

    Peggy Member

    The Economic Survey has proposed Transparency of Rules Act (TORA), a legislation to end any asymmetry of information regarding rules and regulations faced by an average citizen. What you need to know about TORA? -The TORA is an attempt to change in some ways the relationship between the average normal citizen and the State. -TORA will require all departments to mandatorily place all citizen-facing rules on their website. Officials will not be able to impose any rule not mentioned beforehand. -All laws will have to be updated by the department while providing access to history of the same webpage. -Once a department has shifted to the platform, it can be deemed “TORA compliant” and citizens can be sure that the information is authentic and updated.
     
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