Important Committees & Commissions – Jan To Oct’19 | Current affairs

Table of Contents

RBI expert panel for reviewing economic capital framework headed by Former RBI Chief Bimal Jalan

Govt forms high-level panel to look at bailout package for telcom companies
The Committee of Secretaries, headed by Cabinet Secretary Rajiv Gauba, has been asked to examine “all aspects” of “financial stress” faced by service providers such as Bharti Airtel and Vodafone-Idea and suggest measures to mitigate them
Union Telecom Minister Ravi Shankar Prasad had constituted a committee chaired by Telecom Secretary Aruna Sundararajan to spell out revival plans for Telecom sector
Reserve Bank of India (RBI) revised the guidelines on concurrent audit system following the recommendations by an expert committee under Y.H. Malegam.
According to the revised guidelines, RBI said that concurrent auditors will be appointed for a period of not more than three years. Earlier the tenure was fixed at five years
Baba Kalyani committee to review the special economic zones (SEZ) policy
Committee formed by ministry of commerce and industry
Govt-constituted panel suggests making CSR non-compliance civil offence
The panel, headed by Corporate Affairs Secretary Injeti Srinivas, has stressed that CSR expenditure should not be treated as a means of resource gap funding for government schemes.

Subhash Garg committee

This committee was constituted to study cryptocurrencies in India.
It recommended crypto ban, proposes 10-year jail term for violation
Committee of CMs to ‘transform Indian agriculture’ : Devendra Fadnavis
The committee will suggest policy measures, attract investments and raise growth in food processing.
Supreme Court has constituted a high powered committee to urgently frame and implement an emergency response plan for the protection of Great Indian Bustard And Lesser Florican the population of the Great Indian Bustard and Lesser Florican has recorded a decline of over 80 per cent.
A 22-member Medical Devices Technical Advisory Group (MDTAG) committee to advise Central Drugs Standard Control Organisation (CDSCO) on matters related to the regulation of medical devices
Head : Dr. V.G. Somani
A Committee constituted by Reserve Bank of India (RBI) has recommended that the limit for collateral free lending should be increased to Rs 20 lakh for MSMEs and Self-Help Groups (SHGs).
The Committee has also recommended revision of loan limit sanctioned under MUDRA to Rs 20 lakh from Rs 10 lakh.
Headed by: Former SEBI Chairman UK Sinha
Advisory Committee for Fit India Movement to advise the government on the “Fit India Movement”
Head : Sports Minister Kiren Rijiju
An empowered Group of Ministers (GoM) constituted to suggest measures to combat lynchings will continue functioning
It will be headed by Home Minister Amit Shah
The Air India Specific Alternative Mechanism (AISAM) panel that was constituted in June 2017 for disinvestment in Air India has been reconstituted.
Amit Shah will head the panel.
Central government has reconstituted the Group of Ministers(GoM)on preventing sexual harassment at workplace.
Head : Home Minister of India, Amit Shah
Committee to review the Defence Procurement Procedure (DPP) 2016 and Defence Procurement Manual (DPM) 2009.
The committee will be headed by Director General (Acquisition), Shri Apurva Chandra
The Central Government has constituted a three member committee to look into the distribution of assets and liabilities of Jammu and Kashmir between J&K and Ladakh
Sanjay Mitra (former defence secretary) is the head of the committee.
National Green Tribunal (NGT) has set up a committee to formulate steps required to prevent unauthorised extraction of groundwater.
Sh. Akhil Kumar (Joint Secretary-MoWR) will be the ex-officio chairman of the committee.
IRDAI setups panel on trade credit insurance
Head – Atul Sahai (CMD of New India Assurance)
To review its three-year old guidelines on trade credit insurance in line with the changing requirements of the market.
The Reserve Bank of India has constituted a Working Group to Review Regulatory and Supervisory Framework for Core Investment Companies
Head : Tapan Ray
The Securities and Exchange Board of India (Sebi) has constituted a working group on Social Stock Exchanges (SSE)
Chairman : Ishaat Hussain, Director, SBI Foundation.
The Government set up a secretary-level task force to figure out how to create a $110-billion mobile phone export business from India.
The task force will be headed by NITI Aayog Chief Executive Officer Amitabh Kant.
Reserve Bank of India (RBI) constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it.
Head : Bain & Co Senior Advisor Harsh Vardhan
RBI removes charges on RTGS & NEFT transactions
The decision comes after the Nandan Nilekaniled Committee on Digital Payments gave out a few suggestions lately to promote digital payments in India
Committees on Investment and Growth and on Employment and Skill Development
Headed By : Prime Minister Narendra Modi

RBI forms Committee to Review the ATM Interchange Fee Structure
Head – V. G. Kannan
Centre sets up committee to review LPG marketing
Head– Kirit Parikh (economist)
The Reserve Bank of India has formed a Committee on Currency Movement (CCM)
Chairperson : Shri D.K. Mohanty
The Centre has constituted a working group for the revision of the current series of the wholesale price index (base 2011-12).
Head : Ramesh Chand

RBI Constitutes Task Force on the Development of Secondary Market for Corporate Loans
Head : T. N. Manoharan, Chairman, Canara Bank
AFSPA withdrawn partially from Arunachal Pradesh Removed from three of nine districts of Arunachal Pradesh
The Justice B P Jeevan Reddy committee had recommended scrapping of the AFSPA from the state.

NGT forms a new body to examine alleged erosion of Yamuna floodplain in Sonipat
Head : Justice Adarsh Kumar Goel
IRDAI has set up a committee to review the regulatory framework on micro insurance
Head : Suresh Mathur
Central Works Public Department (CPWD) Forms Panel to Formulate Design Policy for Building Construction.
Head : M K Sharma

CBDT forms panel to bring down tax litigation

The Central Board of Direct Taxes (CBDT) has formed a four-member committee to address tax related points and reduce the number of tax litigations.
The committee will be headed by income tax commissioner Sanjeev Sharma

Niti Aayog CEO to head transformative mobility panel

Niti Aayog CEO Amitabh Kant will head the National Mission on Transformative Mobility and Battery Storage.
It is being set up to promote clean and sustainable mobility initiatives in the country.
Committee set up by the Union Ministery for Law & Justice on Comprehensive Insurance Scheme for Advocates
Headed By : Secretary Legal Affairs, Dr Alok Srivastava

Anil Kumble re-appointed as chairman of the ICC Cricket Committee

This three-year stint will end in 2021 and be his final term as the Chairman of the ICC Cricket Committee.

Panel suggests not to allow new Engineering colleges from 2020

A government appointed panel headed by IIT-Hyderabad chairman B V R Mohan Reddy has suggested to the All India Council for Technical Education (AICTE) to stop setting up new engineering colleges from 2020 and review the creation of new capacity every two years after that.

Government notifies High-Level Committee for implementation of Clause VI of Assam Accord

Ministry of Home Affairs, Government of India has notified a High-level committee of nine members under the chairmanship of Shri M.P. Bezbarauah for implementation of Clause VI of the Assam Accord.

SEBI Constituted Research Advisory Committee (RAC)

Headed By : Sankar De
It will help and analyse the new methods of policy making for the development of capital market.
Sushil Modi to headed the committee on GST revenue shortfall faced by states
7-Member GoM constituted under Nitin Patel for boosting the Real Estate Sector under the GST regime.
Nitin Patel, Deputy Chief Minister of Gujarat is convener of the GoM.
IRDAI sets panel headed by Praveen Kutumbe to identify systematically important insurers
To identify domestically systematically important insurers (SIIs) and an augmented regulatory framework is logically established in this regard.