Running episodic deregulation: Every project must clear three questions

Reasoning about regulation involves comparing the costs and benefits. Full freedom allows the people to pursue economic efficiency

There is a lot of concern about government interference in the lives of the people. In the Budget speech, the Union finance minister announced a high-level committee to examine deregulation in the non-financial sector, and a work programme at the Financial Stability and Development Council to do similarly for the financial sector. The new Reserve Bank of India (RBI) governor, Sanjay Malhotra, threw new light when he said “just like there are no free lunches, regulation to enhance stability and consumer protection too is not devoid of costs. There are tradeoffs between stability and efficiency”. In the United Kingdom there