A regulatory body is a government agency or an organization that is to exercise a regulatory function. The regulatory body is to protect the public, by providing and enforcing adequate standards for health and safety in a society. A regulatory body is created on the basis of a legal mandate or legislation. In India, there are different regulating bodies to regulate each and every arm of the government service. Like the RBI regulates the inflation in the market FSSAI is responsible for the food safety. Here we are bringing you the most important regulating bodies in India.
Regulatory Bodies in India and their Heads
| Sl No | Regulating Agency | Regulating Sector | Establishment Date | Headquarters | Chairperson/Head |
|---|---|---|---|---|---|
| 1 | Reserve Bank of India | Banking & Finance and Monetary Policy | 1935 April 01 | Mumbai | Shaktikant Das |
|
2 |
SEBI – Securities and Exchange Board of India | Securities ( Stock) & Capital Market |
1992 April 12 |
Mumbai |
Ajay Tyagi |
| 3 | IRDAI- Insurance Regulatory and Development Authority |
Insurance |
1999 |
Hyderabad |
Subhash Chandra Khuntia |
| 4 | PFRDA – Pension Fund Regulatory & Development Authority |
Pension |
2003 August 23 |
New Delhi |
Hemant G. Contractor |
| 5 | NABARD – National Bank for Agriculture and Rural Development |
Financing of rural development |
1982 July 12 |
Mumbai |
Harsh Kumar Bhanwala |
| 6 | SIDBI – Small Industries Development Bank of India | Financing Micro, Small and Medium-Scale Enterprises | 1990 April 02 |
Lucknow |
Mohammad Mustafa, IAS |
| 7 | TRAI – Telecom Regulatory Authority of India | Telecommunication & Tariffs and Cyber-Security |
1997 February 20 |
New Delhi |
Ram Sewak Sharma |
| 8 | CBFC – Central Board of Film Certification | Motion picture content rating system |
1951 January 15 |
Mumbai |
Prasoon Joshi |
| 9 | FSDC – Financial Stability and Development Council |
Financial Sector Development |
2010 |
New Delhi |
The Union Finance Minister of India |
| 10 | FSSAI – Food Safety and Standards Authority of India |
Food |
2011 August |
New Delhi |
Rita Teaotia |
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| Sl No | Regulating Agency | Regulating Sector | Establishment Date | Headquarters | Chairperson/Head |
|---|---|---|---|---|---|
| 11 | BIS – Bureau of Indian Standards | Standards and Certification |
1986 December 23 |
New Delhi(Manak Bhawan) |
Surina Rajan IAS, |
|
12 |
ASCI – Advertising Standards Council of India
|
Advertising |
1987 |
Mumbai |
New Delhi |
| 13 | BCCI – Board of Control for Cricket in India |
Cricket |
1928 December |
Mumbai |
Rahul Johri |
| 14 | AMFI – Association of Mutual Funds |
Stock Exchange |
1995 |
Mumbai |
C. V. R. Rajendran |
| 15 | EEPC – Engineering Export Promotional Council of India |
Trade and Investment |
1952 March 02 |
New Delhi |
Ravi Sehgal |
| 16 | EICI – Express Industry Council of India |
Trade |
1997 February 26 |
Mumbai |
Tarek Khaladoun Hindei |
| 17 | FIEO – Federation of Indian Export Organisation |
Export |
1965 |
New Delhi |
Sharad Kumar Saraf |
| 18 | INSA – Indian National Shipowners’ Association |
Shipping |
1929 December 02 |
Mumbai |
————- |
| 19 | ICC – India Chemical Council | Manufacturing | 1938 |
New Delhi |
H. S. Karangle |
| 20 | ISSDA – Indian Stainless Steel Development Association |
Growth and Development |
1989 |
Haryana |
————- |
| 21 | MAIT – Manufacturers’ Association for Information Technology |
IT |
1982 |
New Delhi |
Nitin Kunkolienker |
| 22 | NASSCOM – National Association of Software and Service Companies |
IT |
1988 March 01 |
New Delhi |
Rishad Premji |
| 23 | OPPI – Organisation Of Plastic Processors of India |
Manufacturing |
1984 |
Mumbai | Dharmendra Gandhi |
|
24 |
CDSCO – Central Drugs Standard Control Organisation |
Medical Devices and Drugs |
1940 |
New Delhi |
Dr. V. G. Somani |
| 25 | PEPC – Project Exports Promotion Council of India |
Trade |
1984 |
New Delhi |
—————– |
| 26 | IBBI – Insolvency and Bankruptcy Board of India |
Finance |
2016 October 01 |
New Delhi |
M. S. Sahoo |
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