Statutory Bodies and their roles from "summary" of Objective Indian Polity General Studies Paper - 1 by M. Laxmikanth
Statutory bodies are institutions created by an Act of Parliament or state legislature to regulate and oversee specific activities or sectors. These bodies play a crucial role in ensuring effective governance and implementation of laws. They act as independent entities, separate from the government, to maintain transparency and accountability in their functioning. The roles of statutory bodies vary depending on their mandate and area of operation. Some statutory bodies are responsible for regulatory functions, such as the Securities and Exchange Board of India (SEBI) which regulates the securities market. Others perform advisory roles, providing expert recommendations to the government on policy matters, like the National Commission for Women. Statutory bodies also have quasi-ju...Similar Posts
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