New Delhi, March 26 (IANS) In a first of its kind in India, consumer protection society CUTS International is conducting a workshop here on Regulatory Impact Assessment -- an area devoted to devising ways to cut down red tape for ease of doing business.
The two-day workshop is part of a CUTS project on Regulatory Impact Assessments (RIA) in the financial sector supported by the British government, the NGO said in a release on Thursday.
RIA is a tool used to assess the costs and benefits of a regulation before it is adopted, or when existing laws need to be rectified.
"It is evolving quickly as it is mainstreamed into policy processes around the world," CUTS said in the statement.
Emphasising the need for the country to undertake rigorous cost-benefit assessment of laws and regulations to help remove impediments to national growth, Amitabh Kant, secretary in the department of industrial policy and promotion, told the workshop that "RIA can help measure the laws and regulation that hurt national growth".
Pradeep S. Mehta, secretary general, CUTS, said "the absence of RIA in policy framework in India results in formulation of a bunch of avoidable regulations".
"India needs to launch regulatory impact assessments to weed out laws that hurt business growth," he averred.
Due to the mid-term elections in America on November 8, political excitement is intensifying. The
The Delhi government has given its approval to withdraw 17 cases registered during the farmers' a
COVID 19 Testing Advisory: ICMR has issued a new advisory for the testing of Covid-19 in India, i
AAP's big win in MCD by-election, 4 out of 5 wards captured, Congress on one, no open account of BJP
The results of the by-elections on five wards of the Municipal Corporation of Delhi have come and
Pakistani security forces killed 25 out of 35 terrorists, two commandos also died
Pakistan's security forces killed 25 out of 35 Islamist terrorists hiding in an anti-terrorist ce
By doing this you can increase the battery life of your smartphone, know expert tips
New Delhi: Often people complain that the smartphone battery runs out frequently and the phone ha
Jharkhand Governor Ramesh Bais issued an important guideline on Thursday. Governor Ramesh Bais ha
Vande Bharat Express Route In India: Indian Railways is soon going to give Vande Bharat Express T
What people are saying to Imran Khan in Pakistan for calling Osama bin-Laden a martyr
On Thursday, Prime Minister Imran Khan called Osama bin-Laden a martyr in Pakistan's National Ass
305 new cases of corona infection were reported in Delhi, infection rate reached 0.41 percent
In the national capital, 305 people have been infected with corona and 44 patients have died in t
