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This course has been created specifically to provide participants with an in-depth understanding of India's regulatory environment as well as worldwide best practices. The course covers regulatory jurisprudence, analyses issues faced by Indian regulators, and offers solutions. It aims to provide learners with a comprehensive understanding of regulatory bodies and market scenarios in different sectors and how they influence the economy. The regulators are charged with regulating the markets in their respective sectors. The most important duty performed by regulators is the formulation of regulations. Government laws enhance economic progress, promote social welfare, and safeguard the environment. They can include legal constraints, contracts, and co-regulation, as well as certifications or accreditation and social controls like norm-setting. After going through this MOOC, the learners will be able to: ·Differentiate between several types of regulations and regulatory bodies. ·Describe the operation and oversight of regulators inside the Indian regulatory structure. ·Describe numerous best practices and guidelines for good regulatory governance. ·Understand regulatory effect assessment and its significance in the regulatory system. Undergraduate students who are pursuing a Bachelor of Arts degree in Public Administration are the target audience for this MOOC.This is a five-credit course. There are 50 modules. The duration of the course is 15 weeks. Over time, various regulatory approaches have emerged, including prescriptive strategies that aim to impose specific requirements on those who must follow the rules; performance-based strategies that only specify the desired outcomes; and process-based strategies that aim to shape the internal motivations and norms of those who must follow the rules. While regulation appears to be securely entrenched as an important component of society, it nevertheless faces substantial challenges in terms of efficiency, democratic supervision, and equitable implementation. This MOOC will strive to provide a detailed and thorough exploration of all the issues described above.
