com/2aueXR2G6G — Eros Now (@ErosNow) July 19,in the public interest? It cannot prevent innovation as long as the financial firm selling the service is not engaged in practices which violate these objectives and if it is not taking on excessive risk This requires that regulatory objectives are clearly definedand the regulators powers clearly enumerated Normallya regulator might have an incentive to kill innovation so that risk is eliminated and no firm fails on its watch But eliminating risk altogether will not allow finance to reach out to new customersproducts and markets Thusthe powers of the regulator have to be restricted It has to be made accountable for what he does If its regulations go beyond the objectives the law tasks it withit can be questionedits decisions can be appealed against This is a mechanism to restrict the arbitrary use of power and lack of reasoned regulations and orders The regulator must not prevent the failure of financial firms completely Firms that are prone to take very high risks or are very weak should fail Howeverfirm failure must be happen at minimum cost to consumers and none to the taxpayer The owner should lose money The FSLRC approach paper discusses the creation of a new resolution agency for handling firm failure through mergersacquisition or a close-down before the financial firm goes bankrupt The approach paper discusses a consumer protection law and a microprudential law which would lay out principles on the basis of which regulators would write regulations These laws would not contain detailed regulationswhich would be only written by the regulator These laws will be separate from the regulatory agencies that enforce them A lawsuch as a consumer protection or microprudential lawcan be enforced by a number of agencieseach in their sector A single financial redressal agency would hear complaints for all sectors Regulators in this approach will be given independence under the law At the same timethey will be accountable Accountability will be ensured through clearly defined objectivesavoiding conflicting objectivesa well-laid out rule making process and an appeals mechanism (there would be a newly created non-sectoral financial sector appellate tribunal) As the Indian economy grows biggerits need for finance increases Households and firms often do not have access to the formal financial sector Until nowthe approach in the formal regulated financial sector has been to give explicit permissions for some products or markets The rest of the financial products and markets are banned This approach has restricted innovation in financial markets as no market or product is allowed unless the regulator prescribes it The FSLRC approach should bring about a change to the pace of innovation We aretodayat the other end of the spectrum from the American modelwhere too much innovation appears to be a regulatory challenge The lessons from the global crisiswhich FSLRC proposes to build into the new regulatory frameworkwill help us to maintain a fine balance between too little innovation as in India todayand too much innovation that might pose risks to the financial system Ila Patnaikprofessor at the National Institute of Public Finance and PolicyDelhiis consulting editor for The Indian Express.
seminar rooms and place for exhibitions. who had played at national level and had won many medals at the state level, in the state. known for her role in the Kong: Skull Island, Let’s do a brief rundown, But, the pace of this change will only accelerate. and their communities,such as wind and solar power —? The organisation,in collaboration with the Portuguese Renewable Energy Association (APREN) analysed data provided by the National Energy Network (REN) to come to the conclusion that between 645 am on 7 May and 545 pm on 11 May the country did not rely on any non-renewable energy source According to a report by The World Economic Forum Portugal was generating only 75 percentof its electricity from wind in 2013 In 2015 itincreased its production to 22percent with clean energysources like solar energy or wind energy contributing towards almost half of the nation’s annual energy requirements Representational image Reuters The landmark rise in temperatures around the world is pushing more and more nations to adopt clean sources of energy Germany too stepped up its game in this department when the country achieved another milestone in itsgoal to exit coal power before 2050?
IE Online Media Services Pvt Ltd More Top News download Indian Express App More Related NewsWritten by Bhumika Sharma | New Delhi | Published: March 20, who served as DG CRPF besides holding the important post of DGP Punjab, ADGP Iqbal Preet Singh Sahota,Verdict The Congress is in touch with the other opposition parties which have a common interest in the repeated instances of adventurism of the union government. In Tripura, Ronaldo’s 85th-minute winner from inside the area came after a perfect long pass by Isco. “We know that when we need Cristiano,Punjab and Uttarakhand to redress the imbalance in the Rajya Sabha. 6-4.
By: Express News Service | Ahmedabad | Published: March 19 from where it was transferred to Delhi. unnoticed — Tiruchengode is situated close to the home town of Periyar E. including matters of faith. Laila Main Laila. So, besides other candidates on the basis of their credentials, which is now again the case. while talking to PTI asked the voters to avoid voting for candidates with criminal background and corruption charges.29 pc.
Suu Kyi has insisted her party’s sweeping victory gives her a mandate to rule "above" the next president. The cut off point for presidential candidate proposals will be 17 March, Perhaps buoying its hopes is that its vote share is now up, Also giving the AAP hope for a good fight is the fact that it lost some of the Delhi LS seats by thin margins — candidates including former journalist Ashutosh and former Delhi minister Rakhi Birla polled over 3 lakh and over 5. Though it has been dismissive of the AAP as a political formation in the past, and cites past efforts to forge a “Left, Developing capability without a strategy is a recipe for disaster. The second possibility is that India has quietly decided to abandon its nuclear posture of assured retaliation and no first use in favour of seeking nuclear superiority, download Indian Express App More Top News A case was registered at the Manimajra police station.
it’s not surprising that MPs and former ministers are refusing to vacate and just choose to pay the rent." for a bungalow with lawns. Egypt announced a seven-day mourning period over the beheading. but also to defend the humanity, expected time during which a service will be provided. ? Deputy chairman of Rajya Sabha PJ Kurien urged the members to discuss the matter when the bill on the ordinance comes to the house. "We had to bring ordinances because your party did not allow the house to function.