Regulatory Policy
Able to understand, define, and support the development of sector-specific regulatory strategies to contribute to public policies, with a focus on evolving trends in India’s regulatory environment.
Type
Functional
Competency Area
Public Policy
Levels
Describes role and rationale for government regulation
Understands the role and rationale for government regulation in the public, private, and social sector
Lists types of regulations in India (economic, public interest, environmental, etc.)
Aware of regulatory tools and mechanisms (permits, tariff setting, concession contracts, etc.)
Identifies sector-specific laws and regulations
Defines what regulations seek to achieve in term of social, economic, behavioural, and environmental goals
Documents the history of regulatory institutions and reforms in India, including sectoral trends and studies (telecom, power, education, etc.)
Identifies sector-specific law, regulations, and guidance documents relevant to the regulatory question and issue
Gathers information on sector-specific regulations
Recognises sector-specific regulatory issues and identifies windows of opportunities for the same
Analyses historical and contemporary trends to predict the effect of regulations in the sector
Gathers information pertaining to the sector-specific regulatory question and issue
Develops regulatory strategies
Develops regulatory strategies keeping in mind legal frameworks, existing instruments, compliance, and performance measurements
Streamlines bottlenecks and adapts to changes in the regulatory environment caused by new evidence, trends and/or challenges
Incorporates evidence-based risk management frameworks into regulatory strategies
Informs policy regulatory environment in India
Advocates for an interconnectedness between law, policy and regulations
Resolves regulatory harms through risk, stakeholder, and change management systems
Informs discussions on the practice and evolution of policy regulations in India