Let’s look before we leap: why India must study the actual impact of every regulation

For a regulatory system to be effective, it must be guided by information on the effect it has. India must study how rules shape outcomes to optimize and stabilize policy on the basis of these findings. The effort would pay off in spades.

In this context, the department for promotion of industry and internal trade has released its Regulatory Impact Assessment (RIA) guidebook for Union ministries and departments. It draws upon CUTSs RI…

Originally published by Livemint. Read the full article →