Foreword
Foreword
Author(s): Rajendra K Pachauri
Source: Regulatory reforms in India: effectiveness, efficiency, and impacts: 166p Authored By Anjali Garg
Abstract:
This publication has considerable significance in view of the major policy initiatives and programmes undertaken by the Government of India in pursuing economic reforms, particularly in the infrastructure sectors of the economy. One important component of the reforms process has been the establishment of regulatory bodies not only at the central level but in several states of the country. This innovation has to be seen against the historical background of most infrastructure activities in India being dominated by the public sector and an overlap between policy as well as regulatory functions performed in the past by the central and state governments. As a result, activities were controlled and services were provided in these sectors essentially by state monopolies, and in the absence of competition and effective regulation, consumer interests often suffered on a progressive basis.
Publisher/Organisation: TERI Press
Publication Date: 2 January 2003