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The Regulatory regime in our country is sector specific and streamlined by regulatory bodies which are autonomous bodies. To give an overview, banks, foreign direct investment, overseas investments etc, are regulated by the Reserve Bank of India. The Insurance sector, on the other hand, is regulated by the Insurance Development Regulatory Authority. T...
W Network
caHow is a business constrained by regulatory requirements? Can you explain me the Indian scenario?
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W Network
caThe Regulatory regime in our country is sector specific and streamlined by regulatory bodies which are autonomous bodies. To give an overview, banks, foreign direct investment, overseas investments etc, are regulated by the Reserve Bank of India. The Insurance sector, on the other hand, is regulated by the Insurance Development Regulatory Authority. The other regulators existing in our country include Securities Exchange Board of India, Competition Commission of India, Petroleum and Natural Gas Regulatory Board, Telecom Regulatory Authority of India, Central Electricity Regulatory Commission etc. The said regulatory bodies may take time in granting permissions, necessary directions etc. in various sectors in which they operate, which may be construed to be constraints but actually go a long way in streamlining and having checks and balances in each of the said sectors. The due diligence by such regulatory bodies ensures smooth functioning of the economy of the sector and better operations by various stakeholders.
Incorporating over 500+ businesses in various sectors, Wazzeer Professional Network has got itself used to speaking the language of entrepreneurs. Keeping things transparent and delivering seamlessly, has enabled us to become a startup-friendly service provider. We would be happy to help you start your business seamlessly ->"Get your Wazzeer"
about 3 years ago
View answer
How is a business constrained by regulatory requirements? Can you explain me the Indian scenario?
-
W Network
caThe Regulatory regime in our country is sector specific and streamlined by regulatory bodies which are autonomous bodies. To give an overview, banks, foreign direct investment, overseas investments etc, are regulated by the Reserve Bank of India. The Insurance sector, on the other hand, is regulated by the Insurance Development Regulatory Authority. The other regulators existing in our country include Securities Exchange Board of India, Competition Commission of India, Petroleum and Natural Gas Regulatory Board, Telecom Regulatory Authority of India, Central Electricity Regulatory Commission etc. The said regulatory bodies may take time in granting permissions, necessary directions etc. in various sectors in which they operate, which may be construed to be constraints but actually go a long way in streamlining and having checks and balances in each of the said sectors. The due diligence by such regulatory bodies ensures smooth functioning of the economy of the sector and better operations by various stakeholders.
Incorporating over 500+ businesses in various sectors, Wazzeer Professional Network has got itself used to speaking the language of entrepreneurs. Keeping things transparent and delivering seamlessly, has enabled us to become a startup-friendly service provider. We would be happy to help you start your business seamlessly ->"Get your Wazzeer"
about 3 years ago
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