In my view, a more sensible approach would have been to make the existing institutions / provisions more efficient and accountable. Adding another layer of monitoring / control is certainly not going to help us as a progressive system. It would be rather surprising to expect PSUs, which are anyway working under 9 layers of monitoring / supervision to work better once the 10th one becomes effective.
Dunno, where we as a country, as an economy and as a society are heading? Certainly not in the right direction in the near future.
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