Regulators don’t need constitutional status:

GS Paper 2: Topics Covered: Constitutional Status   Context: This article appeared in the Opinion section of Business Standard. It talks about the need for giving constitutional status to regulators, rationale behind the present arrangements by the constitution and what are the alternatives available.   Why should Indian regulatory agencies be given constitutional status? – …

Real Estate Regulatory Authority (RERA) Act of 2016

GS Paper 2 Topics Covered: Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and bodies constituted for the protection and betterment of these vulnerable sections.   Context: The Supreme Court has stepped in to protect homebuyers from exploitation by builders who delay …

National Financial Reporting Authority (NFRA):

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: National Financial Reporting Authority (NFRA) Chairperson has pitched for a ‘standalone legislation’ for the regulator in the interests of autonomy. He also demanded that all necessary penal provisions relating to financial reporting should be consolidated and vested with it.   Why this is …

National Financial Reporting Authority (NFRA)

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: As it seeks to enhance engagement with stakeholders, the National Financial Reporting Authority (NFRA) will set up a single stakeholders’ advisory group as well as a research cell to support the group.   Need for: A large majority of the respondents have expressed …

Apple faces antitrust case in India over apps issue

GS Paper 3 Topics covered: Effects of liberalization   Context: An anti-trust case filed against Apple Inc for allegedly abusing its market position in the Indian economy. More on this news: Apple is instituting policies that forces developers to use its proprietary in-app purchase system This allegation is similar to what Apple faced in the …

Tribunal law Reforms

GS Paper 2 Topics: Statutory, regulatory and various quasi-judicial bodies.   Context: The Tribunal Reforms Act, 2021 was passed in both houses recently. The law has triggered a fresh stand-off between the legislature and the judiciary over the powers of and limitations on law making.   Controversial provisions: As per the Bill, the minimum age criterion …