Regulatory Governance

This course has been created specifically to provide participants with an in-depth understanding of India's regulatory environment as well as worldwide best practices. The course covers regulatory jurisprudence, analyses issues faced by Indian regulators, and offers solutions. It aims to provide learners with a comprehensive understanding of regulatory bodies and market scenarios in different sectors and how they influence the economy. The regulators are charged with regulating the markets in their respective sectors. The most important duty performed by regulators is the formulation of regulations. Government laws enhance economic progress, promote social welfare, and safeguard the environment. They can include legal constraints, contracts, and co-regulation, as well as certifications or accreditation and social controls like norm-setting. After going through this MOOC, the learners will be able to: ·Differentiate between several types of regulations and regulatory bodies. ·Describe the operation and oversight of regulators inside the Indian regulatory structure. ·Describe numerous best practices and guidelines for good regulatory governance. ·Understand regulatory effect assessment and its significance in the regulatory system. Undergraduate students who are pursuing a Bachelor of Arts degree in Public Administration are the target audience for this MOOC.This is a five-credit course. There are 50 modules. The duration of the course is 15 weeks. Over time, various regulatory approaches have emerged, including prescriptive strategies that aim to impose specific requirements on those who must follow the rules; performance-based strategies that only specify the desired outcomes; and process-based strategies that aim to shape the internal motivations and norms of those who must follow the rules. While regulation appears to be securely entrenched as an important component of society, it nevertheless faces substantial challenges in terms of efficiency, democratic supervision, and equitable implementation. This MOOC will strive to provide a detailed and thorough exploration of all the issues described above.

Week – 1

1. Introduction of Regulatory Governance

2. Regulatory Governance: Scope and Institutions

3. Structural Principles of Regulatory Governance

Week - 2

4. Regulatory Governance: From Ground to Sky

5. Regulatory Governance and Second Administrative Reforms Commission

6. Fundamental Rights and Regulatory Governance

Week - 3

7. Directive Principles of State Policy: Philosophy and Significance in Regulatory Governance

8. Citizens’ Charter and Regulatory Governance

9. Audit in Regulatory Governance

10. The Comptroller and Auditor General of India

Week - 4

11. Independence of Regulator

12. Transparency of Regulator: Structural, Institutional, and Operational Aspects

13. Accountability of Regulator: Structural, Institutional, and Operational Aspects

Week - 5

14. Central Drugs Standard Control Organisation: Introduction, Need and Its Objective of Establishment

15. Provisions Concerning Composition or Constitution of CDSCO

16. Functions of Central Drugs Standard Control Organisation

Week - 6

17. Telecom Regulatory Authority of India (TRAI): An Introduction, Need and Objective of Its Establishment

18. Provisions Concerning Composition or Constitution of Telecom Regulatory Authority of India

19. Functions of Telecom Regulatory Authority of India

20. Insurance Regulatory and Development Authority of India

Week - 7

21. Central Electricity Regulatory Commission: An Overview

22. Central Electricity Regulatory Commission: Composition and Functions: An Analysis

23. Powers and Role of Central Electricity Regulatory Commission: Regulating Power Sector in India

Week - 8

24. University Grants Commission: Introduction, Objectives and Role in Regulation of Higher Education

25. University Grants Commission: Structure, Powers, and Functions

26. Role of Food Safety and Standards Authority of India in Regulatory Governance

Week - 9

27. Role of National Payment Corporation of India in Regulating Cashless and Digital Transactions

28. Role of Central Pollution Control Board in Regulatory Governance

29. Role of State Pollution Control Board in Regulatory Governance

30. Competition Commission of India: Introduction, Composition and Functions

Week - 10

31. Role of CCI as an Adjudicator and a Regulator in the Indian Competitive Markets

32. Power and Duties of Competition Commission of India

33. Securities and Exchange Board of India: Introduction, Need and Objective

Week - 11

34. Securities and Exchange Board of India: Function and Powers

35. Election Commission of India: An Introduction, Need and Objectives

36. Election Commission of India: Composition

Week - 12

37. Election Commission of India: Its Role and Functions

38. Election Commission of India: Its Powers in the Light of ‘Authority and Responsibility’ Principle

39. National Council for Teacher Education (NCTE)

Week - 13

40. Reserve Bank of India: Introduction, Need and Objective of Establishment

41. Functions, Powers, and Decision Making of the Reserve Bank of India

42. Organisational Structure of the Reserve Bank of India

43. Insolvency and Bankruptcy Code 2016: Introduction and Salient Features

Week - 14

44. Role of National Biodiversity Authority in Regulatory Governance

45. Regulatory Mechanism in Intellectual Property Sector

46. Bar Council of India: Constitution, Functions and Powers

Week - 15

47. State Bar Councils: Constitution, Composition, Functions and Powers

48. Bar Council of India and Legal Education Rules

49. Remedial Measures against Failure in Regulatory Governance

50. Regulatory Governance at a Glance