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2. Regulation in India

 

2.1. Evolution of Regulation in India2.2. Types of Regulation in India(i) Economic Regulation(ii) Regulation in the Public Interest(iii) Environmental Regulation2.3. Categories of Regulators in India2.3.1. Statutory Independent Regulatory Agencies2.3.2. Self Regulatory Authorities2.4. Issues Related to Regulation in India2.4.1. Administrative Incoherence2.4.2. Structural Weakness2.4.3. Design of the regulatory bodies2.4.4. Outdated Legal Framework2.4.5 Not aligned to global standards2.5. Important Regulatory Bodies2.5.1. Reserve Bank of IndiaObjectivesLegal FrameworkMajor Functions of RBI Monetary AuthorityRegulatory and SupervisoryForeign Exchange ManagementCurrency IssuerDevelopmental roleRelated FunctionsMonetary Policy Committee (MPC)Composition of MPCProcess of Monetary Policy formulationRBI and GovernmentSection 7 of the Reserve Bank of India ActRBI's reservesDividends to governmentHandling of weak public sector banksPrompt corrective action or PCA frameworkEasing loans to small and medium enterprises or SMEs2.5.2. Securities and Exchange Board of IndiaWhat is SEBI?What is the purpose of SEBI?Objectives of SEBIFunctions of SEBI(b) An Appraisal / Assessment of SEBI’s WorkMajor achievements of SEBIRecent developments related to SEBISecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019Way Forward2.5.3. Insurance Regulatory and Development AuthorityEntities regulated by IRDAI:c. Re-Insurance Companies(a) Powers and functions2.5.4. Competition Commission of India(a) Function and ResponsibilitiesNational Company Law Tribunal2.5.5. Telecom Regulatory Authority of India (TRAI)Powers and FunctionsNet Neutrality in India What is Net Neutrality?Net Neutrality regulations in India:2.5.6. National Pharmaceuticals Pricing Authority National Pharmaceutical Pricing Authority2.5.7. Insolvency and Bankruptcy Board of India2.5.8. Atomic Energy Regulatory BoardFunctions of AERB2.5.9. Central Electricity Regulatory BoardAdvisory Functions:2.5.10. Food Safety and Standard Authority of IndiaFunction:2.6. Interaction between Policy Makers and Regulators and its Current Status2.7. Participation of Stakeholders in the Regulatory Process2.8. Competition Authority vs. Sector Regulators2.9. Regulatory Authorities: Consumer Redress2.10. Regulatory Coherence in India