Risk-proportionate regulation: lighter burdens with accountable oversight

GS 2: Statutory, regulatory and various quasi-judicial bodies; Important aspects of governance, transparency and accountability. GS 3: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.

At the Kautilya Economic Conclave on 3 October, NITI Aayog Member Rajiv Gauba recommended regulation calibrated to risk. He paired autonomy with transparent decisions, review, accountability, expertise and coordination. The address is a policy recommendation, not an enacted law or binding implementation direction.[1]