Regulation is a must

With all the regulations and supervisions,loots are on the increase in the economy and not a day passes without a scam or fraud being reported. Where is the scope for taking away regulation in the name of cost.Regulatory cost has to be brought down that does not mean that regulation itself can be abolished. It will be a dangerous move as our people are unfortunately not that honest and ethics and values have been given a go bye long back.Better to be practical and realistic.

Dr.T.V.Gopalakrishnan
( This comment appeared in ET  dated 30/3/13 in response to an Article Regulatory Impact assessment )