KnowledgeTransfer@CarnegieIndia is an initiative that aims to provide a platform to facilitate the genuine exchange of ideas and knowledge among students, practitioners, subject-matter experts, and other interested audiences.
Today, independent regulators govern large sectors of the Indian economy, from financial markets and airports to telecom and electricity utility companies. Consequently, independent regulators constitute an increasingly important institution of governance in India, and their effectiveness has important consequences for India’s political economy. Yet, there is little understanding of the rationale for creating such regulators, the mechanisms through which they discharge their functions, and the impact that they have on the economy.
This workshop will provide an overview of the regulatory landscape in India, along with an understanding of the principles of regulation, the mechanisms through which the performance of regulators can be understood, and issues of state capacity and accountability in the context of independent regulators.
Session 1: Independent Regulation in India and Measuring Regulatory Performance
Anirudh Burman, associate fellow, Carnegie India
11:45 – 13:00
Session 2: An Insight into Regulation by the Insolvency and Bankruptcy Board of India
Prasanth Regy, senior fellow, Rajiv Gandhi Institute for Contemporary Studies
Anirudh Burman is an associate fellow at Carnegie India. He works on key issues relating to public institutions, public administration, the administrative and regulatory state, and state capacity. He has also worked extensively on financial regulation and regulatory governance. Burman’s current research interests focus on property rights and land markets, particularly the regulatory framework affecting land rights and land titles, the relationship between tenure security and land transactions, and public administration issues in land markets in India.
Prasanth Regy is a senior fellow at the Rajiv Gandhi Institute for Contemporary Studies. Previously, he has worked at the Insolvency and Bankruptcy Board of India, and the National Institute of Public Finance and Policy, on projects relating to judicial system reforms, bankruptcy, disaster resilience, and agricultural warehousing. He has worked with the World Bank in the design and implementation of rural livelihoods projects in Andhra Pradesh and Telangana. He also has experience in microfinance, SME finance, and enterprise software sectors.