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प्रश्न
Briefly explain the following:
Business Regulators
संक्षेप में उत्तर
उत्तर
Business regulators are governmental or independent bodies that oversee and enforce laws and regulations pertaining to business activities and industries. Their primary purpose is to ensure that businesses operate fairly, transparently, and in compliance with established standards and laws. These regulators play a crucial role in maintaining the integrity of markets, protecting consumer rights, and ensuring a level playing field for all businesses. To safeguard the interests of certain sections of the society E.g., RBI, SEBI, IRDA FSSAI, ISI
Functions and Importance of Business Regulators:
- Regulation and Enforcement
- Consumer Protection
- Market Integrity and Competition
- Financial Stability
- Compliance and Reporting
- Public Health and Safety
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Concept of Regulators and Intermediaries
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