Though described in the Constitution in a rather prosaic manner as the “annual financial statement”, over time the budget speech has become an important instrument for policy announcements and reforms.
Political economy of regulatory reform
Dynamic markets call for periodic reform of regulatory agencies-notwithstanding their reluctance to keep pace with developments
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Illustration: Binay Sinha
Topics : BS Opinion regulatory policy
First Published: Jan 27 2022 | 11:52 PM IST
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