M.A. Admissions

Master of Arts / Master of Sciences (Regulatory Governance)

Location: Mumbai

School: School of Habitat Studies

Intake: 20




The Master of Arts / Master of Sciences (Regulatory Governance) (hereafter referred to as programme) seeks to provide a comprehensive understanding of contemporary regulation theory and emerging regulatory practice models, both at the national and international levels, taking on board oft-neglected critical dimensions such as equity, environment, democratic participation, and sustainability concerns. It is a multi-disciplinary programme and aims to develop socially responsible and environmentally conscious professionals in the emerging field of regulatory governance. Regulation is broadly understood as an effort by the state to address social or environmental risk, market failure, or equity concerns through rule-based direction of social and individual action (as defined by Planning Commission, GoI, see: planningcommission.nic.in/ reports/genrep/infra_reglawl.pdf ). The State currently regulates the private and public business sectors (like infrastructure, services, finance, technology, consumer goods) as well as social sectors (like public services, public health, safety, environment, human rights) in India.

Regulation is done either by specially constituted autonomous regulatory agencies (such as the Electricity Regulatory Commissions, Telecom Regulatory Authority of India, Competition Commission of India) or by the respective government departments and ministries, administering the sector. Regulation seeks to achieve critical social, economic, and environmental goals including controlling monopoly practices, providing a level playing field for competition, protecting rights, promoting equity, enhancing efficiency, costeffectiveness, improving service quality, and reducing or ameliorating environmental impacts. There are various tools and mechanisms used for regulation such as tariff setting, determining quota or entitlement, setting service and other standards, adjudication, permits and concession contracts, and monitoring and enforcement.

The programme equips the students with strong conceptual and theoretical understanding, as well as practical skills to analyze and design regulatory solutions for a given problem. This combination of theory and practical skills will help students to effectively engage in  and with regulatory activities and processes, in various sectors. The programme is systematically structured as a sequence of courses of the following types, which act as its building blocks: (a) foundation courses (b) perspective courses providing exposure to critical debates (c) theory courses, (d) skill building components (e) courses providing exposure to field and (e) practical components. It provides an opportunity to build perspectives and skills within this complex discipline, through active learning from skilled experts and practitioners in the field.

The programme is open to students from diverse disciplinary backgrounds ranging from economics, engineering, law, public policy, public administration, management, finance, political science, social work, pharmaceuticals, health and biotechnology, to name a few.

The employment prospects for students after graduation in this emerging field are expected to be very high. Students of this programme will find employment in institutions and agencies within the burgeoning regulatory domain, ranging from government bodies, independent regulatory institutions, private and public sector enterprises, non-governmental  organisations, law firms, management consultants and research centres.

Distribution of Credit Hours:













Semesterwise Courses:

SemesterCourse CodeCourse TitleCredits


Part 1: Foundation Courses
FC Foundation Course 6
Philosophy of Research 1
Part 2: Introduction to Regulatory Governance
RG 1 Introduction to Public Policies: Concepts, Theory, and Practice 2
RG 2 Indian Legislative, Legal, and Administrative System 2
RG 3 Concepts and History on Regulatory Governance 2
RG 4 Basics of Financial Analysis 2
RG 6-1 Economics for Regulation 2
RG 7 Research Methods -I 2


Fundamentals of Regulatory Governance
RG 5 Theories and Perspective in Regulatory Governance 2
RG 6 II Economics for Regulation 1
RG 8 Financial Aspects of Regulation 2
RG 9 Regulatory Impact Analysis 2
RG 10 Instruments of Regulation – I 2
RG 12 Research Methods - II 2
RG 13 Introductory Course on Sectoral Regulation 4
RG 14 Law for Regulation 2
RG 15 Regulatory Clinic-I 1
CBCS Elective Foundation 2
CBCS Open Elective 2
Summer Vacation -- Summer Internship (mandatory, non-credit,) 0







Advanced Courses on Regulatory Governance
RG 11 Basic Course on Regulatory Skills 1
RG 16 Introduction to Social and Environmental Regulatory Rationales 2
RG 17 Instruments of Regulation – II 3
RG 19 to RG 22,RG 29 Elective in Sectral Regulation I,II,III # 6
RG 23 Research Design: Theory and Practicum 2
RG 24 Regulatory Clinic-II 1
RG 25 Project or Dissertation -I 2


RG 26 Advanced Themes in Regulatory Governance (Modular)$ 2
Independent Work  
RG 27 Project or Dissertation-II 4
RG 28** Policy Assignment 2


Notes: the Semester-wise listing of courses is provisional and is subject to revisions as per recommendations of the Academic Council.

$ The tentative list of the themes include: Self-regulation, Advanced Theme in Competition, Regulation of emerging Technologies

#Students have to choose 3 sectoral courses from about 5 course offered. Tentative sectors identified for electives are: Occupational Health and Safety, Water, Energy, Micro-finance, Food safety.

Fee Structure:


Components RG
Fees Sem I Sem II
Sem III Sem IV
FEE Tuition Fee 12000 12000 12000 12000
Examination Fee 800 800 800 800
Medical Examination Fee 100 0 0 0

Field Work Charges 0 0 0 0
Computer Charges 1000 1000 1000 1000
Convocation Charges 0 0 0 2000
ID Card Charges 300 0 0 0
FUNDS Students' Competency Fund 0 0 0  
Internship Fund 0 0 0 0
Lab Charges / Studio Fund 0 0 0 0
Dev. Fund / Prog. Fund 8000 8000 0 0
Students' Union Fund 500 500 500 500
Medical Insurance Fund 1500 0 1500 0
DEPOSITS & ADVANCES A)  Caution Deposits (Refundable at the time of exit from programme on submission of No Dues Certificate) 10000 0 0 0
B)  *Practicum / Study Tour Charges (Rural Field Work / Urban Field Work) (Refundable) 0 0 0 0
Dining Hall (Advance) Charges 16000 16000 16000 16000
OTHER CHARGES Hostel & Electricity Charges Rs.10000 & Rs.5000 15000 15000 15000 15000
Total Fees for Non-Hostellers 34200 22300 15800 16300
Total Fees for Hostellers 65200 53300 46800 47300
*Details under School        


*Institute reserves the rights to revise the Fees Structure of programme if necessary.