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
Delegate tasks to increase productivity
One of the keys to running a successful small business is the ability to delegate tasks effectively. Delegating tasks can signi...
The Constitution guarantees fundamental rights to citizens
In the Constitution of India, there is a clear recognition and guarantee of fundamental rights to all citizens. These rights ar...
Federalism ensures division of powers between Centre and states
Federalism in the Indian context is a unique feature of our constitutional framework. It ensures a division of powers between t...
Regulatory decisions must be guided by economic analysis
Regulatory decisions must be guided by economic analysis. This principle is paramount in the realm of regulation, as it ensures...
Regulatory ambiguity can hinder market efficiency
Regulatory ambiguity can hinder market efficiency by creating uncertainty and confusion among market participants. When regulat...
Flexibility is key in industrial policy
One of the fundamental principles that underpins successful industrial policy is the need for flexibility. This concept recogni...
Statutory Bodies and their roles
Statutory bodies are institutions created by an Act of Parliament or state legislature to regulate and oversee specific activit...