<<< #Important_Regulators_in_india#>>>
1. Money Market – RBI (Reserve bank of India)
(Governor – Raghuram Rajan & Headquarter – Mumbai)
2. Capital Market – SEBI(Security Exchange Board of India)
(Chairman – UK Sinha & Headquarter – Mumbai)
3. Insurance companies –IRDAI (Insurance regulatory Development authority of India)
(Chairman – TS Vijayan & Headquarter – Hyderabad)
4. Commodity Market – FMC (Forward Market Commission)
(It is now being merged in SEBI) (Chairman – Ramesh Abhishek & Headquarter – Mumbai)
5. Chit Funds – Respective State Governments
6. Merchant Banking companies – SEBI
7. Foreign Exchange or Forex Market – RBI
8. Housing Finance Companies – NHB (National Housing Bank)
(Chairman Shri Ram Kalyanraman and Headquarter – New Delhi)
9. Venture Capital Fund – SEBI
10. Stock broking companies – SEBI
11. Nidhi Companies – Ministry of corporate affairs, Government of India
12. Cooperative banks and RRBs Regional Rural Banks (RRBs) – NABARD (National Bank for agriculture and Rural Development)
(Chairman – Dr. Harsh Kumar Bhanwala and Headquarter – Mumbai)
13. Micro-Finance Regulatory Authority – NABARD
14. Algorithmic Trading – SEBI
15. Pension fund – PFRDA (Pension fund regulatory and Development authority)
(Chairman – Hemant Contractor and Headquarter – New Delhi)
16. Credit Rating agencies – SEBI
17. Public health & Food Safety – FSSAI (Foods safety and Standards Authority of India)
(Chairperson – Ashish Bahuguna and Headquarter – New Delhi)
18. Telecommunication Business – TRAI (Telecom Regulatory Authority of India)
(Chairman – Ram sewak Sharma and Headquarter – New Delhi )
19. Pharmaceuticalsdrugs in India – NPPA (National Pharmaceutical Pricing Authority)
20. Civil Aviation – DGCA (Directorate general of civil aviation)
21. Warehouses – WDRA (Warehousing Development and Regulatory Authority)
22. Financial Audit and Accounting Professions- Institute of chartered accounts in India (ICAI).
The Shadow Economy in India: Uncovering the Unseen Engines of Growth and Inequality
The Shadow Economy in India: Uncovering the Unseen Engines of Growth and Inequality Introduction The Indian economy is often visualised through skyscrapers, software parks, and booming stock indices. Yet beneath this glittering formal layer lies a far larger, messier, and more complex world—the shadow economy. Also known as the informal, unorganised, or underground economy, it is where most Indians work, earn, and survive. Despite contributing an estimated 40% to India's GDP and employing nearly 90% of its workforce, the shadow economy remains mostly undocumented, unregulated, and untaxed. This article seeks to unveil the hidden mechanics, challenges, and paradoxes of India’s shadow economy. From its roots in colonial land systems to the modern-day gig platforms, from rural construction sites to urban street corners, we explore how informality has become both a lifeline for survival and a barrier to inclusive growth. What is the Shadow Economy? The shadow economy includ...
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