Regulators in India

In: Business and Management

Submitted By cheytan
Words 12028
Pages 49
-------------------------------------------------
Regulators In India

* Reserve Bank of India(RBI)

* Securities Exchange Board in India(SEBI)

* Insurance Regulatory Development Authority(IRDA)

* Financial Intelligence Unit (FIU)

* FSDC

OVERVIEW

A regulator is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. An independent regulatory agency is a regulatory agency that is independent from other branches or arms of the government.

Regulatory agencies deal in the area of administrative law—regulation or rulemaking (codifying and enforcing rules and regulations and imposing supervision or oversight for the benefit of the public at large). The existence of independent regulatory agencies is justified by the complexity of certain regulatory and supervisory tasks that require expertise, the need for rapid implementation of public authority in certain sectors, and the drawbacks of political interference. Some independent regulatory agencies perform investigations or audits, and some are authorized to fine the relevant parties and order certain measures.

Regulatory agencies are usually a part of the executive branch of the government, or they have statutory authority to perform their functions with oversight from the legislative branch. Their actions are generally open to legal review. Regulatory authorities are commonly set up to enforce standards and safety, or to oversee use of public goods and regulate commerce. Economic regulators are the agencies established by central government for the control of or intervention in the operation of markets, according to public interest principles and criteria.

For example, the fair and efficient operation of markets requires that monopolies are not allowed to abuse…...

Similar Documents

India

...1. Introduction India is a country in the eastern part of the world. It’s the second most populated country and also has a very populous democracy. In India one-fourth of the population is urban, and three-fourth is rural. British took over India in the early 19th century and ruled it for three-hundred years. At that time India and Pakistan were one country. After the British left in 1947, Pakistan became a separate country. Some of India’s great cities include Bombay (Mumbai), Calcutta, Madras, Bangalore, Delhi, and Hyderabad. New Delhi is the country’s capital. To the north of India lies China and to the south lies Sri Lanka. To the east lies Bangladesh, and to the west lies Pakistan. India includes 28 states and 7 union territories. Some of India’s main landforms include the Himalayas to the north and the Ganges River to the east. It covers more than 1.2 million square miles. 2. Climate India has five main seasons. They are monsoons, fall, winter, summer, and spring. During the monsoon, a heavy downpour occurs from June to September. Some cities get as much as three inches of rain, whereas some cities get as much as five-hundred inches. The negative impact of the monsoons is flooding, but on the other hand monsoons are critical for irrigating the fields. After the monsoons are over, there can be extreme heat. The monsoons are some of the reasons for India’s diseases, such as cholera and typhoid. On the contrary, if it does not rain much in a......

Words: 962 - Pages: 4

India

...Before arriving in India, I had no idea what to expect. I knew the trip was going to be a once in a lifetime opportunity but I didn’t really know what I was getting myself into. Now that I am back and have had time to reflect on the trip, I have to say that it was amazing and I experienced things I will never forget. Throughout everything we did and saw, the one thing that surprised me the most was how great the people of India were. I never know what to expect going to a totally different culture, but I have to say the kindness we experienced from people in India was amazing. People were always willing to help us any way that they could. Whether it was the hotel employees, the bus crew, restaurant staff, bystanders on the street, or even those living in absolute poverty, the people of India were always smiling at us and wanting to know where we were from. Most people would think that they were always looking for a rupee or two, but that was not the case. They were genuinely glad that we were in their country and wanted to make sure that we had the best experience possible. It was inspiring and amazing and I think we could all learn of a lot from them. India was an eye-opening experience and it absolutely gave me an appreciation for how fortunate I am and it really put life into perspective. It made me realize what’s important and what I really value in life. There were times when I found myself frustrated, dirty, exhausted and ready to throw in the towel, but......

Words: 336 - Pages: 2

India

...Indian culture uses rich and beautiful colors in all aspects of life, whether you see it through rugs and paintings, or through textiles and architecture. “The Indian culture is rooted in colorful traditions that date back to ancient history.”( Kohler, 2000-2011) A civilization known as Harappa, created a religion that is considered the oldest living religion. We know this religion as Hinduism. “India has traditionally been one of the most religiously tolerant in the world.”( Robinson, 2012) “However in 1998, a Hindu nationalistic political party the Bharatiya Janata Party (BJP) controlled the government of India. The linkage of religion, the national government, and nationalism led to a degeneration of the separation of church and state in India and a decrease in the level of religious tolerance in that country.”(Robinson, 2012) An increase of anti-Christian violence was one result of this linkage. With the later change in government, the level of violence has gone down, and India is a country of relative religious tolerance and peace. Culture and food go hand and hand in India. Indian food represents the family and community connecting and sharing socially. “Indian dishes are commonly cooked with distinct spices and herbs that awaken your senses.”(Kohler,2000-2011) Five essential spices, namely mustard, fenugreek seed, cumin seed, aniseed, and black cumin seed are commonly used. The Indian culture survived two hundred years of British rule and held their traditions......

Words: 611 - Pages: 3

India

...Story of India Today in society, I think people are not conscious that the way we develop we can learn through other people’s lifestyles or their personal experiences. There are extreme forms of ethnocentrism that happen to relate to social problems in today’s society from racism, ethnic cleansing, and all the way down to colonialism. In this paper I am going to talk about the film of the Story of India. Story of India This film or movie has a series of six sets. This movie talks about the world’s largest democracies and the rising economic giant. The movie was actually a documentary that was written or presented by Michael Wood and it related about the 10,000 year history of the Indian subcontinent in six series. It came on BBC in august and September of 07 and was named “India and Pakistan 07and it explained the independence of both countries With the story of India it talked about the historical events, places to travel and the inside of looking at archeological and historical evidence on sight with interviewing different people. The series was broken down in six different categories or series. The first episode was about the beginnings throughout the subcontinent and how they talk about the diversity and the cultures of their people. The second episode was about the power of ideas and talked about how Alexander the Great's invasion of India inspired her first major empire, and it relates to the revoluntary years after 500bc. The 3rd episode is spice......

Words: 557 - Pages: 3

India

...India is my country and I am an Indian. It is the seventh largest country in the world and the second most populated country in the world. India is called by names Bharat and Hindustan. It is a peninsula, surrounded by the Bay of Bengal in the east, the Arabian Sea in the west and the Indian Ocean in the south. Tiger is the national animal of India and peacock the national bird. The lotus in all its uniqueness is India’s national flower. The mango is the national fruit, which is cultivated from time unmemorable. Tricolor saffron – purity, white- peace and green – fertility with the Ashok Chakra in middle is the revered flag of India. ‘Jana Gana Mana’ is the national anthem sung with pride. Hockey is considered officially the National Sport although people are drawn into cricket these days. India is a country with many entities like many languages, castes, religions, cultures and local histories but it is rich in unity in diversity, which makes it a single democratic nation. India is known as land of spirituality and philosophy. Ancient religions like Hinduism, Jainism and Buddhism molders of the country. There are other religions like Sikhism, Islam and Christianity, Judaism that emerged later. In ancient India, society was divided on the basis of caste system, which still persists in the modern India as well. In different parts of India, different languages are spoken. Most of the languages of India belong to two families, Aryan and Dravidian. After Independence...

Words: 487 - Pages: 2

Banking Regulators

...much control over the economy and if they fail there are enormous consequences hence the need for government bailouts, in which government financial assistance is provided to banks or other financial institutions who appear to be on the brink of collapse. WHY THE NEED FOR REGULATORS * Bank regulations are a form of government regulation which subject banks to certain requirements, restrictions and guidelines. * To create transparency between banking institutions and the individuals and corporations with whom they conduct business. * To reduce the level of risk to which bank creditors are exposed to. * to reduce the risk of disruption resulting from adverse trading conditions for banks causing multiple or major bank failures * to reduce the risk of banks being used for criminal purposes, e.g. laundering the proceeds of crime * To protect banking confidentiality. WHO ARE THESE REGULATORS * In the US there are federal and state regulators and institutions that have either a federal or a state charter. * They have oversight over a wide array of banking institutions and activities * At the federal level, there are five financial industry regulators: * Comptroller of the Currency (OCC) * Federal Deposit Insurance Corporation (FDIC) * Federal Reserve System (FRS) * At the state level, each state has an agency or agencies that are charged with supervising and regulating state-chartered banks and thrifts. ...

Words: 1203 - Pages: 5

Research Eurpean Accounting Regulators

...The European Accounting Regulators The Accounting Regulators are part of the European Accounting Regulatory Committee, which is chaired by the European Commission and is made up of representatives from member nations across the continent. The European Accounting Regulatory Committee or ARC is comprised of a vast number of countries within the European Union, as well as a few countries that are not. The countries that are not part of the European Union but choose to follow respective objectives of the committee. The European Commission established the Accounting Regulatory Committee (ARC) in 2002. The foremost purpose of The Committee is to act in a regulatory or oversight manner, which actively provides opinions and comments to the European Commission on future regulations from the International Accounting Standards Board (IASB). Furthermore, the European commissions main goal is to “Draw up and manage rules designed to ensure that the financial information prepared and disclosed by EU companies is comparable and high-quality (Banking and Finance, Accounting- Financial Reporting, 2015). Additionally, the committee aims to make sure that information on the environmental impact of EU companies and their social and human rights record is more widely available” (Banking and Finance, Accounting- Financial Reporting, 2015). In other words, the Accounting Regulatory Commission, among its member states elects whether or not they should adopt both proposed and regulatory......

Words: 440 - Pages: 2

India

...ndia officially the Republic of India (Bhārat Gaṇarājya), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north-east; and Burma (Myanmar) and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia. Home to the ancient Indus Valley Civilisation and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history Four religions—Hinduism, Buddhism, Jainism, and Sikhism—originated here, whereas Zoroastrianism and the Abrahamic religions of Judaism, Christianity, and Islam arrived in the 1st millennium CE and also helped shape the region's diverse culture. Gradually annexed by and brought under the administration of the British East India Company from the early 18th century and administered directly by the United Kingdom after the Indian Rebellion of 1857, India became an independent nation in 1947 after a struggle for independence that was marked by non-violent resistance led by Mahatma Gandhi. The Indian economy......

Words: 2854 - Pages: 12

Make in India

...Make in India: Reverie or Reality Abstract: Make in India is the BJP-led NDA government's flagship campaign intended to boost the domestic manufacturing industry and attract foreign investors to invest into the Indian economy. The intention is to revive manufacturing businesses and emphasizing key sectors in India and to address the growing concerns that most entrepreneurs are moving out of the country due to its low rank in ease of doing business ratings. Current scenario: The “Make in India” initiative is based on four pillars, which have been identified to give boost to entrepreneurship in India, not only in manufacturing but also other sectors. The four pillars are:  * ‘Make in India’ recognizes ‘ease of doing business’ as the single most important factor to promote entrepreneurship.  * Government intends to develop industrial corridors and smart cities, create world class infrastructure with state-of-the-art technology and high-speed communication. * FDI has been opened up for new sectors like Defense production, Insurance, Medical Devices, and Construction and Railway infrastructure in a big way. * In order to partner with industry in economic development of the country Government shall act as a facilitator and not a regulator. Manufacturing currently contributes just over 15% to the national GDP. The aim of this campaign is to grow this to a 25% contribution as seen with other developing nations of Asia. In the process, the government......

Words: 970 - Pages: 4

India

...the Partition of India? By Kallie Szczepanski, http://asianhistory.about.com/od/india/f/partitionofindiafaq.htm Victims of the Delhi Riots are removed from the streets after the Partition of India, 1947 Hulton Archives / Getty Images Question: What was the Partition of India? Answer: The Partition of India was the process of dividing the subcontinent along sectarian lines, which took place in 1947 as India gained its independence from the British Raj. The northern, predominantly Muslim sections of India became the nation of Pakistan, while the southern and majority Hindu section became the Republic of India. Background to Partition In 1885, the Hindu-dominated Indian National Congress (INC) met for the first time. When the British made an attempt to divide the state of Bengal along religious lines in 1905, the INC lead huge protests against the plan. This sparked the formation of the Muslim League, which sought to guarantee the rights of Muslims in any future independence negotiations. Although the Muslim League formed in opposition to the INC, and the British colonial government attempted to play the INC and Muslim League off one another, the two political parties generally cooperated in their mutual goal of getting Britain to "Quit India." Both the INC and the Muslim League supported sending Indian volunteer troops to fight on Britain's behalf in World War I; in exchange for the service of more than 1 million Indian soldiers, the people of India expected......

Words: 1085 - Pages: 5

Aviation Regulators

...Aviation Regulators Aviation safety is a term encompassing the theory, investigation, and categorization of flight failures, and the prevention of such failures through regulation, education, and training. It can also be applied in the context of campaigns that inform the public as to the safety of air travel. The Federal Aviation Regulations, or FARs, are rules prescribed by the Federal Aviation Administration (FAA) governing all aviation activities in the United States. The FARs are part of Title 14 of the Code of Federal Regulations (CFR). A wide variety of activities are regulated, such as aircraft design and maintenance, typical airline flights, pilot training activities, hot-air ballooning, lighter-than-air aircraft, man-made structure heights, obstruction lighting and marking, and even model rocket launches, model aircraft operation, and kite flying. The rules are designed to promote safe aviation, protecting pilots, flight attendants, passengers and the general public from unnecessary risk. Since 1958, these rules have typically been referred to as "FARs", short for Federal Aviation Regulations. However, another set of regulations (Title 48) is titled "Federal Acquisitions Regulations", and this has led to confusion with the use of the acronym "FAR". Therefore, the FAA began to refer to specific regulations by the term "14 CFR part XX". The FARs are organized into sections, called parts due to their organization within the CFR. Each part deals with a specific type of...

Words: 507 - Pages: 3

India

...Ask not what you can do for your country No country is perfect, but a country can be made perfect by its citizens’ contributions. Our country, India, is a developing country. It needs the contributions of its citizens. But its citizens are least bothered about it and most of them think “What can I do? It’s the duty of the government, isn’t it?” But on contrary only we the people of India can bring about the changes in our country. Today, every citizen of India complains about the corrupt officials and ministers of our government. Ask any child about what he wants to become when he grows up and his answer is teacher, engineer or doctor. But no one says a “Politian”. But why not become a politician? As a result of the common perception about politicians being corrupt, India does not have too many honest, efficient and intelligent students who have contributed in other fields had contributed to the field of politics also, today India would have been a far more developed than it is today. We say that we don’t have proper facilities in India, but we must not forget that half of the population of India doesn’t pay taxes and it is commonly felt that quite a large percentage of the taxes that are collected go into the pockets of corrupt bureaucrats and ministers. Then we complain about the lack of cleanliness in our country. We say that our government is doing nothing to keep our country clean and green! Let me remind you that it is not the government that throws empty......

Words: 422 - Pages: 2

India

...India (i/ˈɪndiə/), officially the Republic of India (Bhārat Gaṇarājya),[c] is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west;[d] China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; in addition, India's Andaman and Nicobar Islands share a maritime border withThailand and Indonesia. Home to the ancient Indus Valley Civilisation and a region of historic trade routes and vast empires, the Indian subcontinent was identified with its commercial and cultural wealth for much of its long history.[8] Four of the world's major religions—Hinduism, Buddhism, Jainism, and Sikhism—originated here. Judaism arrived in the 6th century B.C.E. Zoroastrianism, Christianity, and Islam arrived in the 1st millennium CE and also helped shape the region's diverse culture. Gradually annexed by and brought under the administration of theBritish East India Company from the early 18th century and administered directly by the United Kingdom from the mid-19th century, India became an independent nation in 1947 after a struggle for independence that was marked by non-violent resistance and led......

Words: 378 - Pages: 2

India

...Indian Education System Presented by: Doff _____________________________________________________________________________________ History * India has a long history of organized education. The Gurukul system of education in which students were taught orally and the data would be passed from one generation to the next. Up to the 17th century * The first millennium and the few centuries preceding it saw the flourishing of higher education at Nalanda, Takshashila University, Ujjain, & Vikramshila Universities. * Art, Architecture, Painting, Logic, mathematics, Grammar, Philosophy, Astronomy, Literature, Buddhism, Hinduism, Arthashastra (Economics & Politics), Law, and Medicine were among the subjects taught. After 1976 * In 1976, education was made a joint responsibility of the states and the Centre through a constitutional amendment * Center is represented by Ministry of Human Resource Development's Department of Education and together with the states, it is jointly responsible for the formulation of education policy and planning. * The 86th Amendment of the Indian constitution makes education a fundamental right for all children aged 6-14 years. Today education system in India can be divided into many stages. Pre- Primary - It consists of children of 3-5 years of age studying in nursery, lower kindergarten and upper kindergarten. At this stage student is given knowledge about school life and is taught to read and write some basic......

Words: 1426 - Pages: 6

Regulating the Regulators

...Assignment 3: Persuasive Paper Part 1: A Problem Exists “Regulating the Regulators” Written By: Christine Roccasalvo Professor Holly Sprinkle Research & Writing ENG 215 Sunday, August 05, 2012 Statistical figures of the accidental deaths of minors due to negligence in supervision have soared; emergency departments have called such overdoses “accidental.” “Should minors take their mental health prescriptions without parental supervision; should these medications be left at their reach?” According to G. Randall Bond, Randall W. Woodward, and Mona Ho (Journal of Pediatrics, 2011) children are at great risk due to the sheer ubiquity of accessible prescription pill bottles in their homes. According to WebMD ("Drug overdose," 2005) children younger than 5 years of age tend to place anything and everything into their mouths. WebMD specifies that unsupervised children tend to swallow medications by accident due to their innocent curiosity; these statistics also include parental negligence of leaving the drug at the child’s reach. It is commonly seen that if one child has unintentionally swallowed the drug there is a great chance that the child would often share the drug with other children. The scope and outline of this research is to examine statistical figures of children and adolescents overdosing and prematurely dying due to mental health medications. According to J. Setlik, Mona Ho, and G. Randall Bond (Clinical Toxicology, 2010) between 2001 and 2008, the amount......

Words: 1479 - Pages: 6

Dragon Ball Super | Keijo (12) | RSS-Feed dieses Forums anzeigen