A Comparative Study of Telecom Regulatory Authority of India Act 1997 and Competition Act 2002 Issues and Challenges

Abstract

A high amount of government participation in their economies, as evidenced by the dominance of major state-owned firms, has traditionally been characteristic of most developing countries. Several of these countries began the process of economic liberalization in the 1980s and 1990s, and the vast majority of them implemented policies of deregulation, privatization, and trade liberalization throughout that time period. The fact remains that there are certain areas in which competitive markets may not exist or produce the intended results for a variety of reasons, and it is because of these market failures in certain sectors that some sort of government intervention is required to correct the situation. At one point in time, governments interfered in order to fix market failures in these industries. It was recognized that the manner in which governments intervened was counter-productive, and as a result of this recognition, a new form of economic governance was born, characterized by the establishment of specialized agencies with the goal of ensuring competitive outcomes through decision-making that was transparent, consultative, and participatory. While the government continues to undertake the regulatory function in some areas, in others, a specialized agency has been established to perform the regulatory functions on a more permanent basis. It is possible to find both types of intervention in India; sectoral regulators coexist with general regulators, and vice versa. newlineSo sectoral regulators are necessary, as there exist several sectors of the services of public utility and economy that have varying requirements, as well as differing functions and restrictions, all of which necessitate the employment of specialized care. When there is just one power, the attitude it can adopt is extremely objective, and various sectors like these, particularly those that interact with the public, cannot be dealt with in this way because it would be harmful to us, the general public. As previously said, each sector s requirements di