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Technology led innovations have pervaded almost every aspect of modern society, and transport is no exception. Mobile application linked transport service providers have attempted to address the limitations in traditional modes of transport. Such services have quickly become one of the most favoured modes of transport. However, the innovations have posed a challenge for regulatory agencies worldwide1. Regulators are attempting to find the right balance to ensure consumers continue to benefit from innovation in technology and superior user experience, while addressing the risks posed by such innovative business models.
To this end, the Regulatory Impact Assessment (RIA) framework can be useful. It envisages assessment of costs and benefits of different regulatory options and selection of such option which has the potential to result in maximum net benefit to the economy. The costs and benefits are assessed through structured consultation with stakeholders involved.
Live Mint, July 17, 2018
CUTS Presentation on ‘Regulatory Impact Assessment of Maharashtra City Taxi Rules, 2017’ to NITI Aayog
Conference on ‘Facilitating Innovation in Urban Mobility in India’
June 28, 2018, New Delhi
Roundtable on ‘Regulating Innovation in Urban Mobility in India’
June 22, 2018, Mumbai