2.5. Important Regulatory Bodies

Some important regulatory bodies and their powers and functions are listed below. This is not an exhaustive list and only important bodies have been listed.

2.5.1. Reserve Bank of India Objectives Legal Framework Major Functions of RBI Monetary Authority Regulatory and Supervisory Foreign Exchange Management Currency Issuer Developmental role Related Functions Monetary Policy Committee (MPC)Composition of MPC Process of Monetary Policy formulation RBI and Government Section 7 of the Reserve Bank of India Act RBI's reserves Dividends to government Handling of weak public sector banks Prompt corrective action or PCA framework Easing loans to small and medium enterprises or SMEs 2.5.2. Securities and Exchange Board of India What is SEBI?What is the purpose of SEBI?Objectives of SEBI Functions of SEBI (b) An Appraisal / Assessment of SEBI’s Work Major achievements of SEBI Recent developments related to SEBI Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 Way Forward 2.5.3. Insurance Regulatory and Development Authority Entities regulated by IRDAI:c. Re-Insurance Companies (a) Powers and functions 2.5.4. Competition Commission of India (a) Function and Responsibilities National Company Law Tribunal 2.5.5. Telecom Regulatory Authority of India (TRAI)Powers and Functions Net Neutrality in India What is Net Neutrality?Net Neutrality regulations in India:2.5.6. National Pharmaceuticals Pricing Authority National Pharmaceutical Pricing Authority 2.5.7. Insolvency and Bankruptcy Board of India 2.5.8. Atomic Energy Regulatory Board Functions of AERB 2.5.9. Central Electricity Regulatory Board Advisory Functions:2.5.10. Food Safety and Standard Authority of India Function: