UPSC IAS Prelims Exam: Glimpse of Regulatory bodies in India

Regulatory bodies in India UPSC

The current affairs play an important role in the UPSC IAS Exam. The UPSC IAS Exam is conducted in three stages. From the UPSC IAS Prelims to interview, it has a crucial role. It always overlaps with the core subjects like Polity, Economy, Geography, Indian History, and General science. If you want to crack the three stages of UPSC, you have to master in both the conventional areas and current affairs.

There are a lot of regulatory bodies in India. These bodies have a significant role in structuring various sectors. Every sector in India has its own regulatory bodies. This is an important topic in UPSC IAS prelims examination.

Here we are giving the consolidated list of major regulatory bodies in India and their function. This will help your UPSC IAS Prelims preparation.

Regulatory bodies in India

Sector

Functions

Telecom Regulatory Authority of India

Telecommunication and Tariffs

To make regulations to ease competition and enhance the  efficiency in the operation of telecommunication services

The Competition Commission of India

Company affairs

To protect the interest of consumers,  prevent some practices having harmful effect on competition

Securities and  Exchange Board of India

Securities (Stock) and Capital Market

To safeguard the interests of investors and to regulate the securities market.

Food Safety and Standards Authority of India

 

Food industry

To ensure the food quality, to watch and regulate the processing, manufacture, distribution, sale and import of food.

Medical Council of India

Medical education

To regulate and set up high and uniform standards of medical education

Reserve Bank of India

 

Banking and Monetary regulations

It executes multiple functions as a custodian to regulate all the banking and the monetary function in country

Insurance Regulatory and Development Authority

 

Insurance

To regulate and enhance insurance business and reinsurance business in India.

National Bank for Agriculture and Rural Development

 

Financing Rural Development

Functions as a supreme body for catering  the credit needs of all types of rural development

and agricultural

Central Board of Film Certification

 

Certification and Censorship

To regulate and monitor the public exhibition of movies.

Pension Fund Regulatory and Development Authority

 

Pension and welfare

To regulate promote and develop the pension sector in the country.

 

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