Report of the Committee for Reforming the Regulatory Environment ...

5) Autonomy of regulatory authorities: Genuinefunctional autonomy would also have to bereinforced with financial autonomy by putting inplace a system where regulatory organisations arenot dependent on government departments forfinancial support by way of handouts.6) Self evaluation by regulatory organizations:The Committee recommends that each regulatoryorganization should undertake a self-evaluation ofitself once in three years, and put-out theconclusions in the public domain for informeddiscussion and debate.Boosting Efficacy of Regulatory Process7) Ensuring effective consultation through atwo-stage process: It is recommended that eachgovernment organisation/ department which hasthe responsibility of writing regulations shouldundertake a two-stage process of consultation,wherein a revised draft is put up for consultationafter the first round of stakeholder consultation.10