Wednesday, 13 May 2015

Important Committees in News:

1. The government has set up a high level panel, headed by former Home Secretary Anil Baijal to suggest a framework to assess CSR activities done by corporates under the companies law.
2. Union Finance Ministry constituted High Level Committee to interact with trade and industry to  give recommendations to the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC) for issuance of appropriate clarifications by way of circulars, on tax-related issues on a regular basis. The high level committee will be headed by former Chief Economic Advisor (CEA) Ashok Lahiri.
3. TSR Subramaniam Committee: to review the processes, laws and Acts of the Ministry of Environment, Forests and Climate Change
4. Pratyush Sinha committee: to assess compensation for coal blocks.
5. The former Union Minister Jairam Ramesh designated as the head of Future Earth Engagement Committee, a global research platform panel on sustainable development.
6. T.K. Vishwanathan committee: to provide Bankruptcy code for small and medium enterprises (SMEs). Note: The committee will prepare a report on corporate bankruptcy framework for SMEs by February 2015.
7. Justice Prabha Sridevan committee: to function as a think-tank to help draft a new National Intellectual Property Rights Policy (National IPR Policy)
8. K.V. Kamath panel: to examine the financial architecture for Micro, Small and Medium Enterprises (MSME) sector.
9. Gopalakrishna Committee: on Capacity Building in Banks and non-Banks
10. G N Bajpai Committee: to review the investment guidelines for national pension system (NPS) schemes in private sector.
11. Scientist Raghunath Anant Mashelkar panel: to recommend best technologies for Prime Minister Narendra Modi's "Swachh Bharat" national sanitation campaign. Note: The terms of reference include achieving Prime Minister Modi's "Swachh Bharat" goals by 2019.
12. T S R Subramanian Committee: to review five key green laws concerning protection and conservation of environment, forest, wildlife, water and air among others.
13. H R Khan Committee: to examine the un-claimed amount in PPF, Post Office and Savings Schemes.
14. H Devaraj Committee: reported that most of the deemed
12  universities are not fit for being a university.
15. Sivaramakrishnan Committee: to suggest the place to build the capital city of Andhra Pradesh
16. Former RBI Governor Bimal Jalan to head the Expenditure Management Commission. The purpose of setting up the commission is to cut-off the spending and review government expenditure to get maximum output.
17. Justice CS Dharmadhikari Committee: recommended complete ban on dance bars  in hotels and restaurants .
18. R. Ramanujam Committee - to review, identify and recommend amendment in obsolete laws to further smoothen and simplify the governance.
19. G. Padmanabhan Committee: implementation of Bharat Bill Payment System (BPPS)
20. Nachiket Mor committee: for small and payments bank
21. Nachiket Mor Committee: to permits NBFCs to work as Business Correspondents of banks.
22. Deepak Mohanty Committee: on Data and Information Management in the Reserve Bank of India 23. PJ Nayak to review Governance of Boards of Banks in India.
24. Nachiket Mor - committee on comprehensive financial services for small businesses and low-income households.
25. Parthasarathi Shome – for Tax Administration Reform Commission (TARC)
26. Arvind Mayaram Panel: report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
27. Arvind Mayaram Committee –for giving clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) Important 

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