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

More documents

Recommendations

Info

The present practice invariably is to put out aconsultation paper setting out, in considerable detail,the new regulatory ground proposed to be covered orthe changes proposed to be made in the existing bodyof regulations. During the time available for theconsultative process, the stakeholders are expected torespond with their observations on any inadequaciesthat they might perceive or any overreach that theymight apprehend. After the comments and objectionsare received and considered, the regulatory bodyproceeds to finalize the new set of regulations and tobring them into effect.4.2 The consultation process, as described in thepreceding paragraph, often falls short of the intendedobjective of ascertaining the views of the stakeholdersand appropriately incorporating in the regulations suchviews as are consistent with the stated objective of theproposed regulation. More often than not, it is noticedthat different sets of stakeholders with differentinterests in mind respond in diametrically opposite36
fashion to the proposed regulations. In such an event,it is not possible for the regulatory body to incorporateall the suggestions received and in the process, it maybe appropriate to attempt some harmoniousconstruction of seemingly conflicting view points,without losing sight of the objective of the regulationconcerned.4.3 In order to make consultation more meaningful, itis necessary that after the firstround of consultations takesplace, the regulatory body shouldattempt a revised approach paperaccompanied, wherever possible,by a revised draft of the proposedA two-stage processof consultation wouldensure that theavoidable situationsof misinterpretationof the regulations donot exist.regulations and then put out the revised proposal forpublic comment. While such a two-stage proposal mighttake time and might be counter-productive in anemergent situation, it allows those that havecommented on the first proposal to take note of howmany, if any, of their suggestions are likely to find37
Page 5: Finally, I wish to place on record
Page 8 and 9: doing business, and cause appropria
Page 10 and 11: 5) Autonomy of regulatory authoriti
Page 12 and 13: 11) System of advance ruling: It ha
Page 14 and 15: Enabling MSMEs15) Setting up a over
Page 16 and 17: 19) Incentivising regulatory reform
Page 18 and 19: and keen to attract both domestic a
Page 20 and 21: unravel the regulatory maze and to
Page 22 and 23: those recommendations in the contex
Page 24 and 25: modern day trade and commerce. The
Page 26 and 27: 2.3 It is imperative that persons i
Page 28 and 29: increasing evidence that the lower
Page 30 and 31: into the need for such an organisat
Page 32 and 33: the administrative Ministry because
Page 34 and 35: appointment is finalised. To appoin
Page 38 and 39: place in the revised regulations. I
Page 40 and 41: hesitant to drop the investigation
Page 42 and 43: e approached by persons who are not
Page 44 and 45: unsuspecting public often leads to
Page 46 and 47: 4.9 Having regard to India's federa
Page 48 and 49: different aspects of the same subje
Page 50 and 51: from a lack of ownership in regard
Page 52 and 53: 4.14 Sunset provisions have been us
Page 54 and 55: new regulation. It is only when the
Page 56 and 57: proposal. One of the alternatives c
Page 58 and 59: would necessitate capacity-building
Page 60 and 61: Chapter FiveEnabling MSMEs5.1 MSMEs
Page 62 and 63: detailed information regarding the
Page 64 and 65: Chapter SixAddressing State Level I
Page 66 and 67: information on the procedural and s
Page 68 and 69: wheel in regard to practices and pr
Page 70 and 71: Chapter SevenAction on the World Ba
Page 72 and 73: usiness. This is a parameter in res
Page 74 and 75: within the applicable collateral an
Page 76 and 77: has also been noticed that there ar
Page 78 and 79: No.11/08/2012-CL.VGovernment of Ind
Page 80 and 81: (b) Hold wide consultations with al
Page 86 and 87:
Independent Panel Review of the Doi
Page 88 and 89:
• The report relies on a narrow i
Page 90 and 91:
ecause they involve aggregating acr
Page 92 and 93:
cardinal scores as being more infor
Page 94:
10. Improve the report’s communic
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?