CIRC Issue Notes

Issue Note 12 (2015): Regulating Realty: Cabinet’s Nod to Real Estate Bill

Ira Sharma

CIRC brought in light the major concerns and slips in The Real Estate (Regulation and Development) Bill 2013 and made a case for immediate reintroduction of the Bill in the Parliament (See CIRC Issue Note 10). In the present note, we discuss the amendments in the bill, questioning where the bill straggles.

Issue Note 11 (2015): Integrated Thinking for Transport

Honey Gupta

Mode-specific silos have resulted in uncoordinated transport infrastructure and sub-optimal modal mix in India, manifest in inefficiencies of higher prices, multiple and wasteful handling, complex administrative procedures, missing critical links between modes. To respond to the emerging socio-economic challenges, this note argues, India needs to quickly adopt integrated transport thinking where various infrastructure pieces interact seamlessly in an origin-to-destination supply chain, leading to discovery of the optimal mix that improves overall efficiencies of the transport system.

Issue Note 10 (2014): Regulating Realty: A Missed Opportunity?

Ira Sharma

Significant slowdown in the real estate markets is attributed to a severe crisis in confidence among buyers towards the developer community, which would be addressed by setting up of a real estate regulator with enactment of the Real Estate Bill that will streamline operations of the entire industry. However, with the change in government, the bill stands lapsed. This note brings in light the major concerns and slips in the bill and makes a case for immediate reintroduction of the Bill in the Parliament.

Issue Note 09 (2014): Does India need an Independent Regulator to Improve Environmental Governance?

Sarada Prasanna Das

A serious debate on environmental regulation in India has been underway emphasising on institutional restructuring to improve environmental governance and sustainable use of natural resources. In that backdrop, this issue note examines the current debate and emergent need for an independent environmental regulator.

Issue Note 08 (2014): The Public Procurement Bill: Good Law, Poor Reality

Jasleen Kaur

The size of the public procurement market in India is approximately 29 percent of its gross domestic product. There is no central law or policy to govern this market. In 2012, a Public Procurement Bill was tabled in the lower house of Parliament under the previous government; however this Bill has lapsed with dissolution of the house holding General Elections. Thus, it needs to be reintroduced if it is to become a law. Looking at the current situation of corruption and other anti-competitive activities faced by India, the issue note suggests that the Public Procurement Bill 2012 should no more just remain on table, in fact it should be passed without any further delays, to have a corruption free procurement process by government.

Issue Note 07 (2014): Modi’s Maiden Motion: What’s ‘New’ for Renewables?

Ashwini K Swain

Given BJP’s thrust on renewable energy in its election manifesto and the solar developments in Gujarat under the leadership of current Prime Minister, the expectations were high among energy enthusiasts. The issue note seeks to find out whether the maiden budget from the new government has met those expectations.

Issue Note 06 (2014): Foreign Direct Investment in Retail Sector: A Prospect or Peril for India

Jasleen Kaur

FDI in retail sector, especially multi brand retail, has been a much debated issue since the government has passed the law. There are supports to this move of government on grounds of it being beneficial for farmers, consumers and other stakeholders. The issue note suggests that with the instruments of public policy in its hands, government should allow FDI in retail but can slow down its process and should not leave everything on foreign players in retail.

Issue Note 05 (2013): Competition Compliance and Role of CCI: Need to Move Beyond Advocacy

Saket Sharma
Infusing culture of competition compliance is pivotal for controlling anti-competitive practices by market players. Till now, CCI has followed a unilateral approach of limited advocacy in this area. In tune with the global trend, CCI needs to follow a multi-pronged approach towards promoting a culture of competition compliance in India.

Issue Note 04 (2013): Intellectual Property and Competition Law: The Innovation Nexus

Abhishek Adlakha
There has been a long fought battle between the IP Laws and Competition Law and their objectives seem to be contradicting each other. The issue note highlights the common objectives of framing both the set of laws which include promoting innovation, creativity and a better market for consumers.

Issue Note 03 (2013): Landing Another Blow?

Molshree Bhatnagar
With the Land Acquisition Act, 1894, being ready to be replaced by the Land Acquisition, Rehabilitation and Resettlement Bill, 2013 (LARR), many think that the history of abuse of the power of eminent domain is set to be expunged. However, having given the emphasis on the transparency and swift acquisition of land for industrialisation and development of essential infrastructure facilities, is the bill really expunging the abuse of its predecessor or creating a new bureaucratic abuse & legislative ambiguity?

Issue Note 02 (2013): The Case of (Un)healthy Agreements 

Molshree Bhatnagar
Institutionalisation of unethical and illegal drug promotional practice has been put under strict guard, yet, collusion of different kinds exist. The issue note highlights the current and pervasive practices of referrals in the healthcare sector and the need for the Competition Commission of India to intervene and investigate such practices.

Issue Note 01 (2013): Regulating the Race to Renewables

Ashwini K Swain
Keeping with the global trend, India has been an active player in the race to renewables, seeking to expand its renewable energy portfolio. To achieve India’s ambitious renewable goals, the issue note suggests, the electricity regulators have to play the key role of arbitrator and facilitator.