Independent Regulatory Bodies — Mains Strategy
Mains Strategy
Develop a structured approach covering constitutional foundation, evolution from license-permit raj, major regulatory bodies with specific examples, challenges (capture, coordination, accountability), and reform suggestions.
Use case studies like RBI-government tensions, SEBI's market development role, and TRAI's telecom revolution to demonstrate understanding. For 10-mark questions, focus on definition and key features with 2-3 examples.
For 15-mark questions, add analytical dimension covering challenges and suggestions. For 20-mark questions, include comparative analysis with international models, theoretical frameworks like regulatory trilemma, and future evolution prospects.
Always conclude with balanced perspective on independence-accountability balance and role in India's developmental context.