Committees: Point-Wise CA and GS Articles 2017

The Union Government has constituted a time bound committee which is inter disciplinary which has come up with an action plan with virtual currencies so as to fix the regulatory gaps in the existing framework governing virtual currencies. The committee… (254 more words) …

The Union Cabinet chaired by Prime Minister Narendra Modi approved setting up of NSEBC as a Constitutional body. The constitutional amendment bill for amending Constitution mainly by insertion of Article 338B will be soon introduced in the Parliament.

Madhukar Gupta Committee on border protection has submitted its report to the Home Minister Rajnath Singh. It was constituted to suggest recommendations for strengthening border protection and addressing. It studied security and threats at Border States of

1. Gujarat
2. Rajasthan
3. Punjab… (141 more words) …

M. Damodaran Committee Purpose: Customer Service in Banks,The committee, headed by former SEBI chief M Damodaran, has proposed a slew of consumer-friendly measures. RBI set up the committee and if the recommendations are accepted, Bank account holders can expect better… (832 more words) …

Omkar Goswami Committee Purpose: Industrial Sickness and Cooperate Restructuring Power to make recommendations: Election Commission shall have the power to make recommendations to the appropriate authority

(a) To refer any matter for investigation to any agency specified by the… (811 more words) …

Raja Chelliah Committee Purpose: Tax Refoms Raja Chelliah Committee recommendations: Reforming the personal taxation system by reducing the marginal tax rates.Reduction in the corporate tax rates.

• Reducing the cost of imported inputs.
• By lowering the customs duties.
• Reduction in the… (258 more words) …

Rangarajan Committee Purpose: Public Sector Disinvestment.Recommendations of the Rangarajan Committee:Adopting the trade parity principle for pricing of petrol and diesel, based on a weighted average of the import parity and the export parity prices in the ratio… (388 more words) …

Khusro Committee Purpose: Agricultural Credit, The Committee under the leadership of Prof. A.M.Khusro was to examine the problems of agricultural and rural credit, take stock of structural and operational deficiencies, constraints, quantitative and qualitative gaps and recommend major systemic… (208 more words) …

Malhotra Committee  Purpose: Insurance Sector Reforms Recommendation:Government stake in the insurance companies to brought down to 50%.Government should take over the holdings of GIC and its subsidiaries so that these subsidiaries can act Independent Corporation

• All the insurance… (395 more words) …

Besides the major committees that we have already covered in the various updates, here are few other major committees that would prove beneficial for aspirants in long run. The major committee and their main purpose has been highlighted in the… (223 more words) …

Tata Steel pledged to stay in Britain with a 10-year commitment to a one-billion-pound investment plan. Shares surged 5% after the company committed. The Indian steel giant has offered a number of guarantees to its staff at Port Talbot steelworks… (215 more words) …

To promote the use of digital payment systems to encourage transparency and financial inclusion, and prepare a road map in this regard, the Modi government has formed a committee to look into the matter, headed by Andhra Pradesh Chief Minister… (240 more words) …

A.K.Khandelwal Committee Purpose: HR Issues of Public Sector Banks About Committee:Government constituted a Committee on Human Resources issues of Public Sector Banks (PSBs) under the Chairmanship of Dr. A.K. Khandelwal.

• Committee made 105 recommendations on matters related to… (218 more words) …

L.C. Gupta Committee Purpose: Financial Derivatives Separation of Cash and Derivative Segment of an Exchange and its Clearing House/Corporation.The Dr. L.C Gupta Committee on Derivatives had permitted exiting stock exchanges having cash trading to trade in derivative contracts through… (337 more words) …

R. Jilani Committee Purpose: Inspection System in Banks Jilani committee recommendations Broad guidelines to establish accountability for inspectors/auditors should laid down.A copy of the booklet incorporating RBI circulars to supplied to each inspecting/audit official by inspection and audit department periodically… (401 more words) …

Tandon Committee Purpose: Follow Up Of Bank Credit The observation and recommendations made by Tandon committee were:Norms: The committee suggested 15 industries excluding engineering industries. These norms suggested in following forms:

1. For Raw materials: Consumption in months
2. For Work in… (335 more words) …

Raghunath Anant Mashelkar Panel Purpose: To recommend best technologies for Prime Minister Narendra Modi’s “Swachh Bharat” national sanitation campaign. More about Committee:Scientist Raghunath Anant Mashelkar, former director general of the Council of Scientific and Industrial Research, has named the… (458 more words) …

Justice SB Sinha (One Member Commission) Purpose: To Probe 2006 Meerut Fire Tragedy.A Supreme Court bench comprised of Justice V. Gopala Gowda and Justice Dipak Misra appointed former Judge S.B. Sinha to probe the 2006 Meerut fire tragedy, which claimed… (363 more words) …

H.R.Khan Panel Purpose: To evaluate unclaimed PPF and Post Office Savings.The finance ministry has set up a committee under Reserve Bank of India (RBI) deputy governor HR Khan to examine unclaimed deposits lying in the popular Public Provident Fund… (316 more words) …

K.V. Kamath Panel Purpose: To examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector. Recommendations of committe:The Finance Ministry has appointed a 15-member committee under the Chairmanship of ICICI Bank Chairman K V Kamath to examine… (414 more words) …

Pratyush Sinha Committee Purpose: To assess compensation for coal blocks Prime Minister, Mr. Narendra Modi okayed the recommendations of Pratyush Sinha Committee regarding the division of All India Service Officers in A.P. and Telangana. The meeting of the committee held… (426 more words) …

Nachiket Mor Committee Purpose: To permit NBFC is to work as Business correspondence Key Recommendation Providing a universal bank account to all Indians above the age of 18 years by January 1, 2016. To achieve this, a vertically differentiated banking… (377 more words) …

Deepak Mohanty Committee Purpose: Data and Information Management in the RBI Key recommendations Augment the government social cash transfer in order to increase the personal disposable income of the poor. It would put the economy on a medium-term sustainable inclusion… (369 more words) …

R S Sharma Expert Committee Purpose: To review the Company (Cost Records and Cost Audits) Rules 2014 The Composition of the Committee:R. S. Sharma, former Chairman and Managing Director, ONGC - Chairman

• R.K. Jain, Additional Secretary, Ministry of Health… (323 more words) …

Bimal Jalan Committee Purpose: To head the Expenditure Management Commission.About Bimal Jalan Committee The Bimal Jalan panel, which is scrutinizing applications for new bank licenses, will hold a meeting on 10 February.

• The committee held its first meeting on… (416 more words) …

Sivaramakrishnan Committee Purpose: Submit Report to build the capital city for Andhra Pradesh.The main highlights of the committee’s report:It is justified to give SoP for Andhra Pradesh to help the state in economic deficit.

• SDC should be approached… (375 more words) …

H Devaraj Committee Purpose: Report most deemed university. Main findings of the Committee: Many institutions were accorded deemed university status on certain conditions, against the Union Grants Commission (UGC) Act, 1956 which does not allow conditional notification.

• The UGC or… (314 more words) …

Ajay Shankar Committee - Purpose: To review functioning of PPP Cell. Key Functions: Introduction of credible third-party certification in most areas of regulation to cut down on multiple permissions needed by investors.

• Adopting global best practices for emission… (285 more words) …

Union Agricultural Ministry constituted a High-Level Munialappa Committee to monitor the situation of bird flu and help state governments take steps to curb the disease. Committee is headed by Joint Commissioner in the Department of Animal Husbandry, Dairy, and Fisheries… (291 more words) …

The union government has notified the constitution of Monetary Policy committee (MPC).  With this the RBI (Reserve Bank of India) Act, 1934 stands amended by the Finance act, 2016. With this,The purpose of new MPC is to provide institutional framework… (147 more words) …

Three economists Pami Dua, Chetan Ghate, and Ravindra Dholakia are appointed as the external appointees on the Monetary Policy Committee (MPC) by Appointments Committee of Cabinet (ACC) for four year term.

• Now with this, MPC has three Reserve Bank of… (310 more words) …

MSK Prasad the former wicketkeeper is appointed as the head of selection committee by the BCCI (Board of Control for Cricket in India) he will succeed Sandeep Patil who had played 29 Tests and 45 ODIs for India, whereas new… (267 more words) …

The Madhukar Gupta Committee on border protection has submitted its report which include detailed study on risk management and recommendations of border protection other issue such as gaps and perviousness in border fencing Border to the Union Ministry Home Affairs… (208 more words) …

Abhinav Bindra India’s first and only individual Olympic gold-medalist is going to head the five-member review committee constituted by National Rifle Association of India (NRAI) to probe the Indian shooters’ Rio Games debacle.