What is there in a name?
Ever wondered why it is called "Insurance Regulatory and Development Authority"?, and not "Insurance Development and Regulatory Authority"?
The answer lies in the mentality of the regulators. Even after the so-called liberalization that started more than 15 years back, we still believe in regulating the financial sector (some amount of regulation is nevertheless needed) and by naming the apex insurance regulatory authority as IRDA and not IDRA, our bureacrats make their priorities known to every one.
Mesothelioma Lawyer Counter
The answer lies in the mentality of the regulators. Even after the so-called liberalization that started more than 15 years back, we still believe in regulating the financial sector (some amount of regulation is nevertheless needed) and by naming the apex insurance regulatory authority as IRDA and not IDRA, our bureacrats make their priorities known to every one.
Mesothelioma Lawyer Counter
posted by Pitabas Mohanty at 2:49 AM
1 Comments:
India has liberalized, but not the Indians... That is the problem with us. We do not want to dispense with whatever little power available..
Post a Comment
<< Home