Independence of regulators and overlapping of functions with Competition Commission of India in sectors like telecom are some of the issues that need to be addressed for setting up a healthy regulatory environment. | |
| "Even though we have regulators in telecom and power, India has been unable to adequately address the issue of independence satisfactorily," Montek Singh Ahluwalia, Deputy Chairman, Planning Commission said at a seminar on regulatory issues organised by CII. |
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| Ahluwalia added that setting up a regulator, however, was not a precondition for successful private participation. For instance, the regulator in the power sector could not replicate the success of Trai. |
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| But he also said that with the quantum of investment in infrastructure envisaged, a fair regulatory mechanism was one way of attracting private players. |
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| In telecom, issues raised by participants in the seminar were that with the sector maturing in terms of attracting private players, competition related issues would now become important. |
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| In this context, there was lack of clarity on whether that these issues would be handled by the Competition Commission of India or the existing regulator. |
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| Power Secretary R V Shahi, while favouring setting up of regulators for coal and gas sectors, emphasised the need to continue with regulatory mechanism in the power sector as there still existed a demand supply gap favouring the sellers. |
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