Question
Discuss about Regulatory Commissions of India.
Answer :
Word Count : 335
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Regulatory Commissions in India are statutory or constitutional bodies established to regulate specific sectors of the economy and public administration. They ensure transparency, accountability, competition, efficiency, and protection of public interest while maintaining a balance between government policies and market forces. With economic liberalization after 1991, the importance of independent regulatory institutions increased significantly. These commissions are created either by Acts of Parliament or under constitutional provisions. They function with a degree of autonomy from the executive to ensure impartial decision-making. Their powers generally include framing regulations, granting licenses, fixing tariffs, monitoring compliance, resolving disputes, and imposing penalties for violations. Important regulatory commissions include the Securities and Exchange Board of India (SEBI), which regulates the securities market and protects investors; the Telecom Regulatory Authority
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