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Advent and Objectives of Regulatory Bodies
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Advent of regulatory bodies, objectives of regulatory bodies

Siva Prasad is teaching live on Unacademy Plus

Siva Prasad
Alumni- Indian Institute of Science(IISc), Bangalore; UPSC Mains'17;Stanford Reliance Fellowship Finalist; Telegram- akmsiva

Unacademy user
while typing in the essay, does the software support auto corrections of spelling mistakes
Great to learn.I recommend it.
Great to learn.I recommend it.
Great to learn.I recommend it
This is amazing.. I love all your courses. Thank you for covering such an important topic.
Thnkuuuu sir.... Very much useful compilation of R bodies at one place
  1. Regulatory Bodies Part - 1 SIVA PRASAD

  2. About Me . Bachelors and Masters in Physics from Indian Institute of Science (ISc), Bangalore .INSPIRE Scholar, DST Govt. of India Interested in Physics, current affairs, economics.... . Physicist, Blogger, Teacher.... Wrote UPSC CSE Mains 2017 Research Publication in Journal of Applied Physics

  3. Advent of Regulatory Authorities Origins in USA . 1920's Great Depression -> Unregulated markets Following great depression -State monopoly -> states PSU's instead of Supplementing private markets started to substitute them Neo-Right Philosophy -> Ending State monopoly, more freedom to private sector . But from the experiences of great depression-> Need to regulate the markets were realised -> Independent regulatory commission in USA

  4. Objectives of regulatory authorities . To protect the interest of the consumers To prevent monopolies and oligopolies .To protect interest of small scale Industries against the domination of MNC's . Ensure transparent and accountable functioning of markets . Ensure consumers are not exploited To prevent market failure . Greivenace redressal mechanism

  5. Powers of Regulatory Authorities They have semi/quasi - Legislative, executive and judicial powers They make rules and regulations for effective functioning of markets (Legislative) . They have the authority to implement the rules made by them (Executive) In events of disputes, they come out with judgements .

  6. Next lesson Regulatory bodies in India

  7. Thank You