(iii) Environmental Regulation

A healthy environment is desirable not just for aesthetics, but because environmental degradation imposes costs on land, labour and resources that have important consequences for economic development. In India, environment protection has been given constitutional status. The Directive Principles of State Policy state that protecting and improving the environment is the duty of the State as well as citizens of the country. To this end, laws like Environment (Protection) Act, 1986 as the umbrella legislation has been enacted. Central Pollution Control Board has been established under Water (Prevention and Control of pollution) Act, 1974 that issues rules and regulations prescribing the standards for a clean environment.