About the Project
Energy sector is considered as the backbone of any economy. Without adequate energy sources, industries and households cannot develop at a consistent rate thereby affecting the overall economy of the country. While it is a fact that India suffers a huge power deficit, it is also understood that the country has huge potential in the sector. It is an irony that India despite its vast deposits of coal, abundance of resources is not able to generate sufficient energy to meet its demand. The issue can be traced in the fact that the sector attracts very low investment especially and having high regulatory costs could be attributed as one of the key reasons.
Thus the need of the hour is to identify reasons for the high regulatory costs and one of the ways is to undertake a cost benefit analysis of the existing regulation, which can be undertaken with the help of Regulatory Impact Assessment (RIA) tool. More>>