K P Krishnan

Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts

The exercise of legislative power by statutory regulatory authorities undermines federalism and needs to be corrected

While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility

Parliament's oversight of statutory regulatory authorities is weak, and strengthening it is both necessary and desirable

Parliament needs to institute oversight mechanisms for regulators, who oversee markets, without compromising their autonomy

Heavy lifting is now required in electricity and financial reforms

Policy on derivatives needs to be informed by the evolution of these markets in India and the benefits of risk management

Improving the governance of omnipotent regulators who currently dominate the economy and the lives of Indian citizens should be at the top of the new government's priorities

Regulators are empowered to levy fees for services rendered, not to impose tax-like levies to create surpluses for themselves

If enforced, the law of Standing Orders will bureaucratise India's most dynamic sector

Medicines are critical for human wellbeing but its regulation, which is inherently complex, is even more challenging in India

Regulatory action against Paytm's payments bank points to the need for reform of banking regulation

India's urban policy continues to follow old-style bureaucratic control, leading to dysfunctional and ugly cities. An overhaul is urgently needed

A steep decline in fertility, badly regulated adoption, and other impediments are likely to lead to severe social and economic problems

Controlling air pollution calls for negotiations that cover airsheds, as air is mobile and beyond artificial legal jurisdictions

The appellate tribunal currently being constituted should draw upon past experiences to ensure speedy and timely resolution of disputes

Reducing transaction time beyond a certain threshold may not enhance equity market quality. On the contrary, it could reduce participation and diversity and harm the markets

It is not clear whether the proposed Data Protection Board is a repudiation of India's recent regulatory experience or an improvement on the present arrangement

China recently redesigned its financial regulatory architecture, clarifying which agency will do what. It is time for India to revisit this issue

Just as in private companies, it is crucial for government agencies and regulatory authorities to have a majority of independent directors on their boards