<h1>Task Force Launched to Develop Financial Redress Agency, Following Legislative Reforms Commission's Recommendations for Improved Consumer Grievance Redress.</h1> The government has established a Task Force on the Financial Redress Agency (FRA) following the Financial Sector Legislative Reforms Commission's recommendations. Launched on June 5, 2015, the Task Force is tasked with reviewing international best practices in consumer grievance redress in the financial sector, assessing current practices in India, and assisting the Ministry of Finance in hiring consultants to operationalize the FRA. The Task Force will guide and monitor these consultants in developing the agency's design, business model, and other operational frameworks. The initiative is set to be completed within one year, as stated by the Minister of State in the Ministry of Finance.