REGULATORY PUBLIC POLICY

1
in INDIA

Presented by:
Chandragupt Institute of Management Patna 2/1/2019 Team 6
2 Table of Content
 Definition Slide 3
 Need for regulatory policy Slide 4
 Type Slide 5
 List of major regulation in India Slide 6
 Bihar Prohibition and Excise Act 2016 Slide 7
 Impact of liquor ban in Bihar Slide 8
 Negative impacts of Liquor Ban in Bihar Slide 9
 References Slide 10

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3
Definition: Publi
c
These policies are concerned with regulation of trade, business, safety measures,
public utilities, etc. performed by independent organisations working on behalf of the
government like LIC,RBI,SEBI,STATE ELECTRICITY BOARDS, etc. Policies pertaining to

Policy
these services and organisations rendering these services are known as regulatory
policies.
 The objective of regulatory policy is to ensure that regulations are in the public
interest.
 It addresses the permanent need to ensure that regulations and regulatory
frameworks are justified, of good quality and “fit for purpose”.
 An integral part of effective public governance, regulatory policy helps to shape
the relationship between the state, citizens and businesses.
 An effective regulatory policy supports economic development and the rule of
law, helping policy makers to reach informed decisions about what to regulate,
whom to regulate, and how to regulate.
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4 Need for regulatory policy

To prevent market failure

To check anti competitive

practices

To promote the public interest

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5 Types

Economic regulation Aims at preventing or tackling market

failure.
• The Foreign Trade (Development and
Regulation) Act, 1992
• The Electricity Act of 2003

Regulation in the public interest
• the Bureau of Indian Standards Act,
1986
• State Pollution Control Board (SPCB)
Covers areas where industries are failing
to meet a standard or uphold something
of public importance.

Environmental regulation Covers actions to protect the

environment from harm .
• Environment (Protection) Act, 1986

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6 Table 1. List of major regulations in India
• Securities Contracts (Regulation) Act, 1956
• The Foreign Exchange Management Act (FEMA), 1999
• The Foreign Trade (Development and Regulation) Act,1992
• The Industries Act, 1951
• The Indian Contract Act, 1872
• The Sale of Goods Act, 1930
• Indian Patents Act, 2005
• The Company Act, 1956
• Competition Act, 2002
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7 Bihar Prohibition and Excise Act 2016
▪ To enforce, implement and promote complete
Prohibition of liquor and intoxicants in Bihar.
8 Impact of Liquor ban in Bihar
 Decrease in crime rate , domestic violence
 Little enhancement in economy of poor people
 Little enhancement in image of the state on national and
international level.

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9 Negative impacts of Liquor Ban in Bihar

• Huge loss of taxes that the state government gets

through liquor sell
• Liquor addicted people started paying everything to
get liquor from anywhere generally from nearby
state Jharkhand, UP and Nepal
• Facing financial problems whose family members
had the business of liquor earlier
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10 References:

1. Regulatory Management and Reform in India , Background Paper for

OECD, prepared by Vijay Vir Singh, Fellow, CUTS International and
Siddhartha Mitra, Director (Research), CUTS International.
2. Regulatory Policy and the Road to Sustainable Growth © OECD 2010
3. Regulatory Policy in India, Forbes India, 5 October 2012, Extracts of an
interview of Mr Angel Gurria, Secretary-General, published in Forbes India,
emphasising the role of Better Regulation in the search for growth.

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