000			01498nam a22001577a 4500
999			_c507082 _d507082
008			181212b ||||| |||| 00| 0 eng d
100			_aRajan, Amithabh _9551
245			_aAdministrative theory of regulation: _bthe Indian scenario
260			_c2018
300			_ap.385-403.
520			_aThe state, which regulates conduct in several ways, also regulates through the process of agencification: it creates independent regulatory authorities to set the market right, improve public service accountabilities, ensure proper alignment of incentives, encourage institutional innovation, integrate adequate domain knowledge and bring procedural fairness into the system. As a consequence, there are institutions with a unique administrative identity that are structurally situated at an arm’s length from the control of the state and therefore they are autonomous functionally. It is not only a unique situation in institutional terms but also a matter of establishing balance between autonomy and control in granting justice to the stakeholders. This article examines the realities of the precept in India and, then, reflects on the issues of reform. It keeps the comparative context on regulation in view, particularly the situation since the 2008 Global Financial Crisis and the lessons learnt by the holders of power in democracies. - Reproduced.
650			_aAdministrative agencies - India _9552
773			_aIndian Journal of Public Administration
906			_aRegulation
942			_cAR