Regulatory Reform Bill

EVENT – May 2010

CUTS International, CUTS Institute for Regulation & Competition (CIRC) & Planning Commission of India Regulatory Reforms in India: Focus on Draft Regulatory Reform Bill – A Roundtable

May 18, 2010, New Delhi

CUTS International and CUTS Institute for Regulation & Competition (CIRC) with the support of Planning Commission of India organised a meeting on implementing regulatory reforms in India with a focus on the draft regulatory bill. The regulatory environment in India which has developed over a period of time does not appear to be homogeneous across sectors or states.

An important step towards achieving a homogeneous approach is the drafting of the Regulatory Reform Bill by the Planning Commission of India. The Draft Bill has been placed in the public domain for eliciting views and opinions on the nature and extent of legislative action necessary for reforming the regulation of key infrastructure services.

Thus, the aim of the meeting was to promote open exchange and sharing of experiences with a view to provide valuable inputs for implementation of regulatory reforms in India. As an outcome of the seminar, a memorandum was prepared by CUTS and submitted to the Department of Economic Affairs, Government of India and to the Parliamentary Standing Committee on Finance for the adoption of the Regulatory Reforms Bill (with suggested changes).