About the Book: Regulatory Framework In India Law and Policy
Since 1980s deregulation and contracting out of governmental functions, services
and responsibilities have reverberated around the world under the impact and
influence of liberalization, privatization and globalization (LPG). The shift of
power from the public to the private sector has profound implications for public
law. There has been a shift in the perceived role of Government from acting as
the principal vehicle for socio-economic development to guiding and facilitating
that development. What we see is not that total retreat of the State, but rather
the substitution of one form of involvement by the state in the economy