An excellent article I read in NY Times about debate in US about independence of Nuclear Regulatory commission. It talks about the standard problems that a regulatory agency of any industry/finance/environment faces. It the agency is not independent it is essentially a rubber stamping agency and a stepping stone for executives who want lucrative careers in the industry which it is meant to regulate. People get in do the bidding for their future employers and move out via the revolving door that exists. We need such debate in our country too.
Click here to view the article.