Hyderabad, April 15 -- Regulation is often viewed through a narrow lens-as a shield protecting citizens from market failures, corporate misconduct, and unsafe practices. However, it serves a much broader function, encompassing moral obligations, social responsibilities, and economic efficiency. Despite its significance, the path to regulatory excellence remains fraught with challenges, from bureaucratic inefficiencies to political interference and regulatory capture.

Challenge of regulatory expertise

One of the most pressing concerns in regulatory discourse is the expertise of regulators. Regulatory bodies require domain specialists, such as economists, technologists, and legal experts, who can navigate the complexities of modern indust...