"Major policydecisions have laid the foundation for strengthening confidence, " said the Commission's vice-president for Economic and Monetary Affairs, Olli Rehn.
The report's call for central-bank autonomy, for instance, simply meant "greater operational independence rather than true independence from the government in making major monetary-policy decisions, " Mr. Prasad said.
In modern life, with its constant parade of changes large and small, major investment and policydecisions can turn on the question of just how fundamental a change is.
Solicitor Tompkins spoke about how the Interior Department plays a major role in legal and policydecisions that impact the daily lives of Indian people.