<h1>Government Seeks Feedback on Financial Redressal Agency Report to Improve Consumer Grievance Process by January 31, 2017.</h1> The government is seeking public and stakeholder feedback on the Financial Redressal Agency (FRA) report by January 31, 2017. Announced in the 2015-16 budget, the FRA aims to address consumer grievances against Financial Service Providers (FSPs). The Task Force report highlights current inefficiencies in consumer redressal and proposes a simplified resolution process through mediation and adjudication. The FRA will offer compensation and remedial directions, with appeals possible at the Securities Appellate Tribunal. A new law is recommended to empower the FRA and strengthen consumer protection. An initial budget of Rs. 100 crore is proposed, with funding from FSP fees.