Workshop on regulatory impact assessment to cut red tape

Posted on 26th Mar 2015 05:06 pm by mohit kumar

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.

Other news

Elections will be held in the middle of the third wave: Sources said – Commission is not in the mood to postpone the elections due to Omicron, will be held on time in 5 states including UP

The Election Commission is in no mood to postpone the assembly elections of 5 states to be held n

Chinese soldiers have not fully retreated, the Indian Army is also preparing

An army can fight only if it has a full face of food. But he also needs special clothes, a place

"We Neither Created Virus Nor Intentionally Transmitted It": China Envoy

नई दिल्ली: चीन ने बुधवार को कहा कि उसन�

#BoycottMaldives: Travel agency claims - No new inquiries for Maldives, this company canceled all flights

Lakshadweep and Maldives have become the main topic of discussion in India these days. Maldives i

Weather Update: Heavy rain in Delhi-NCR made the weather pleasant, and people got relief from the heat

It rained in many areas of Delhi-NCR on Wednesday. Due to this people got relief from the humid h

Sachin Tendulkar Birthday: Five great records of Sachin Tendulkar, which are almost impossible to break

Today i.e. April 24, 2024, is the 51st birthday of Sachin Tendulkar (Happy Birthday Sac

Rahul Gandhi Birthday: 'Rahul is the leader of the marginalized people', KC Venugopal's statement; Know who said what

Congress leader Rahul Gandhi has received many congratulatory messages on his 54th birthday. From

Credit Suisse: How the 166-year-old bank reached this condition, 10 key things about the deal with UBS

Credit Suisse, a 166-year-old Swiss bank that has become a threat to the global banking system, h

In the last 24 hours, more than 23 thousand patients were found, 61% of them in Maharashtra alone, the worst in Nagpur and Pune.

The figures of corona infects in the country are continuously raising concern. In the last 24 hou

In America, 15 thousand less recruitment than the target in the army: some units may be closed; The burden on the reserve army will increase

The number of youths enlisting in the US military is steadily decreasing. In the financial year 2