Comparative Analysis of Regulatory Frameworks: A Study of Three Sector Regulators in India
Published: 2014
Author(s) Name: Abhishek Dhiman, Vishal Parimo, Giri Hallur |
Author(s) Affiliation: Symbiosis International University, Symbiosis Institute of Telecom Mgt, Pune, Maharashtra, India.
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Abstract
This paper aims to study and analyze the institutional framework of three Indian sector regulators Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Telecom Regulatory Authority of India (TRAI).The study highlights the differences and commonalities in regulatory frameworks for different sector regulators in India. It broadly addresses the two important attributes of regulatory systems (1) Institutional Framework and (2) Extent of autonomy given to the Regulator. The research methodology adopted is qualitative comparative analysis (QCA). Among the three regulators, it is found that the TRAI is relatively less empowered in terms of reporting structure, tenure of the Chairman, funding mechanism and capacity building. Participation of DoT in TRAI consultation process, publication of minutes of meeting and the need for institutions for capacity building in telecom regulation come out as the key recommendations for improving the policy & regulation process in Indian Telecom.
Keywords: Infrastructure Regulation, Legislation, Policy, Transparency
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