list of important committees in India 2020

list of important committees in India 2020:

The central and state Government set up various committees or panels to keep a check on the status of different schemes and policies every year for the welfare of its citizens. One or two questions is directly asked from important committees in India in every exam whether it is Bank, SSC or Railway. In this article we are providing you with a list of Important committees in India in 2020.

List of Committee 2020 in India PDF

Committee (October 2020)

Committee Headed by Purpose
All India Council for Technical Education (AICTE) M.S. Ananth The committee will function under the chairmanship of M.S. Ananth, former director, IIT Mardas. Mr. Somaprasad had pointed out that though there were 10,396 engineering institutes in India approved by the AICTE at present, only few were imparting quality education.
Prevent stubble burning

 

Retired apex court judge Justice Madan B Lokur One-man committee to take steps for preventing stubble burning in Punjab, Haryana and Uttar Pradesh which is a source of pollution in Delhi-national capital region (NCR).
Recommending Policy on Market Data Access by Madhabi Puri Buch Recommend appropriate policy for access to securities market data, identify segment wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data.
400th birth anniversary of Shri Guru Tegh Bahadur PM Modi The committee will look into the approval of policies, plans, programmes and supervision and guiding the commemoration, as well as for deciding dates for detailed programmes of celebration.

 

♦Committee (September 2020)

Committee Headed by Purpose
Government gives one-year extension to Company Law Committee Rajesh Verma Functioning of the National Company Law Tribunal (NCLT) and make recommendations on various issues pertaining to implementation of the Companies Act as well as the Limited Liability Partnership Act.
National Cyber Security Coordinator to study the revelations in China Watching Rajesh Pant The expert committee, led by Lt Gen (retd) Rajesh Pant, India’s chief coordinator on cyber security, will evaluate the “implications” of the digital surveillance by  Data Information Technology Co. Limited and “assess any violations of law and submit its recommendations within thirty days.”
Assessment of relief to bank borrower Former CAG Rajiv Mehrishi Will measure the impact on the national economy and financial stability of waiving of interest and COVID-19 related moratorium.

It will also give suggestions to mitigate financial constraints of various sections of society in this respect and measures to be adopted in this regard.

NITI Aayog preparing Multidimensional Poverty index Ms Sanyukta Samaddar

 

“Global Indices to Drive Reforms and Growth (GIRG)” exercise is to fulfil the need to measure and monitor India’s performance on various important social and economic parameters and enable the utilisation of these Indices as tools for self-improvement, bring about reforms in policies, while improving last-mile implementation of government schemes.

♦Committee (August 2020)

Committee Headed by Purpose
Setting Parameters for Loan Restructuring

 

KV Kamath RBI on the required financial parameters, along with the sector specific benchmark ranges for such parameters, to be factored into resolution plans. The expert committee will also undertake a process validation of resolution plans for borrowal accounts above a specified threshold.”
Plan to develop international retail business Pradip Shah Centres Authority (IFSCA) set up a panel of industry experts to formulate a plan to develop international retail business at the International Financial Services Centre (IFSC).

The committee will be chaired by Pradip Shah, chairman at Indasia Fund Advisors.

Purpose: The expert committee was also tasked with strategising to make the IFSC attractive for international financial services and to draw up a roadmap for the growth of international retail at the centre.

Fix ceiling rates under duty reimbursement scheme for exporters Chaired by Secretary (retd) G K Pillai. The reimbursement of taxes under the Remission of Duties and Taxes on Export Products (RoDTEP) such as duty on power charges, VAT on fuel in transportation, farm sector, captive power generation, mandi tax, stamp duty and central excise duty on fuel used in transportation would make Indian products competitive in global markets.
Kozhikode plane crash Captain S S Chahar The Aircraft Accident Investigation Board (AAIB) said it has formed a five-member panel to inquire into the circumstances of a plane crash in Kerala’s Kozhikode airport.
Sugarcane Prices to Sugar Rate

 

Ramesh Chand Niti Aayog Member(Agriculture), “Sugarcane and Sugar Industry” recommended linking of Sugarcane prices to sugar rate to maintain the financial state and stability of the  industry and to clear the arrears of the sugarcane farmers.
Dividend of ₹57,128 crore to government.

 

Shaktikanta Das Reserve Bank of India on 13th August approved dividend of ₹57,128 crore to government.

The decision was taken when the Central Board of the RBI met on 13th August under the chairmanship of Governor Shaktikanta Das through video conference

Business Responsibility Reporting (BRR)

 

Rajesh Verma The Corporate Affairs Ministry (MCA) will work closely with capital markets regulator SEBI for implementation of the ‘Business Responsibility and Sustainability Report (BRSR)’ framework in the country.

 

♦Committee (July 2020)

Committee Headed by Purpose
Violation of environment rules. Anil Kumar Jha The panel appraises projects that are commissioned without obtaining prior environmental clearance and have been termed as cases of violation. The panel was earlier constituted in June 2017 for three years. Its tenure has now been extended till June 2021.
Analysis of QR (Quick Response) Code’ Prof. Deepak.B. Phatak The report has recommended making QR codes more interoperable. QR code is used to pay utility bills, fuel, grocery, food, travel, and several other categories.
National Financial Reporting Authority Professor R. Narayanaswamy The members of the committee will support and provide insights to the Executive body of the NFRA on the issues related to the drafts of the accounting and auditing standards. The committee will also provide the inputs from the perspectives of the users, preparers and auditors of the financial statements.
Sebi rejigs advisory Usha Thorat The Securities and Exchange Board of India (Sebi) has revamped its committee that advises the capital markets regulator on matters related to regulation and development of mutual fund industry.

Note: Earlier in 2013, the panel had 15 members and was headed by Janki Ballabh, former Chairman of SBI.

Pandemic Risk Pool’ Suresh Mathur “The Covid-19 pandemic, which started as a public health crisis, has led to a significant disruption in the economic activity mainly due to measures taken to stop the spread of the disease,” TL Alamelu, Member, Non-Life, Irdai, said in an order.
Human rights and future response of the government. K S Reddy The expert committee would assess the impact of Covid-19 on human rights of people, especially marginalised and vulnerable sections of the society, including migrant labourers.
Find space for selling Surety Bonds G. Srinivasan.

 

The IRDAI has set up the committee after the Ministry of Road Transport and Highways requested it to examine the possibility of offering Surety Bond for contractors.
National level committee for reform in criminal law Ranbir Singh The committee, which has several leading legal academicians on board, would be gathering opinions online, consulting with experts and collating material for their report to the government.

 

♦Committee (June 2020)

Committee Headed by Purpose
IBBI advisory committee on service providers

 

T V Mohandas Pai The 12-member panel would advise and provide professional support on regulation and development of the service providers dealt with by the IBBI , according to an order.

The service providers include insolvency professionals, insolvency professionals agencies, insolvency professional entities and information utilities.

MSME loan scheme implementation

 

Defence Minister Rajnath Singh To resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs.
Welfare of freedom fighters G Kishan Reddy The ministry has a separate division to serve freedom fighters who are alive and their families. It disburses pension to about 30,000 freedom fighters and their families.
Review private bank shareholding norms RBI executive director PK Mohanty The group will examine the existing licensing guidelines and regulations on ownership and control of private sector banks.
Trustees of PM CARES Sunil Kumar Gupta Trustees of the PM CARES Fund have appointed SARC & Associates as auditor of the fund.
IBBI reconstitutes advisory panel on corporate insolvency resolution process

 

Uday Kotak This Advisory Committee will advise and provide professional support— on a request from the IBBI or on its own volition—on any matter relating to the Corporate Insolvency resolution and liquidation dealt with by the Board under the Insolvency and Bankruptcy Code 2016.
Sebi panel suggests measures to strengthen enforcement, recovery mechanism

 

headed by former Supreme Court Judge Anil Dave Purpose: The committee has examined the insolvency, recovery and securities laws jurisprudence of India and abroad and suggested suitable changes in the Insolvency and Bankruptcy Code to ensure that insolvency law is not used as a refuge by defaulters, thereby protecting the interest of investors.

 

Assam Gas Leak Justice BP Katakey The National Green Tribunal has imposed an interim penalty of Rs 25 crore on PSU major Oil India over its failure to stop fire in Assam’s Baghjan oil well resulting in damage to the environment.

♦Committee (May 2020)

Committee Headed by Purpose
Reforms in India’s drug regulatory system Rajesh Bhushan A high-level committee of experts has been formed by the government to recommend reforms in India’s drug regulatory system so that approval processes can be fast-tracked.
Banning on the use of saliva to shine the ball Anil Kumble The International Cricket Council’s (ICC) Cricket Committee has recommended banning on the use of saliva to shine the ball. The practice meant for swing bowling is now primarily held as health risk due to the threats of COVID-19 and protect the safety of players and match officials.
Border Infrastructure Lt General D B Shekatkar (Retd) These were related to speeding up road construction, leading to socio economic development in the border areas.
Vizag gas leak Neerabh Kumar Prasad The Andhra Pradesh government on 16th may constituted a five-member High-Power Committee to probe into the causes behind the leakage of styrene gas from the LG Polymer plant at RR Venkatapuram in Visakhapatnam.
4G internet services in J&K Ministry of Home Affairs SC A bench comprising Justices N V Ramana, Justices R Subhash Reddy and B R Gavai said the committee would also include the Chief Secretary of the UT and the Secretary of Ministry of Communications to look into the demands by petitioners seeking restoration of 4G internet speed there.
Parliament’s Public Accounts Committee

 

Adhir Ranjan Chowdhury Members of the public accounts committee are elected every year. The 22-member panel includes 15 members from the Lok Sabha and seven from the Rajya Sabha.

Works: The PAC examines accounts showing the appropriation of sums granted by Parliament for the expenditure of the Government of India, the annual financial accounts of the Government, and others.

Examine the comments received on the consultation paper floated The Ministry of Corporate Affairs (MCA) has constituted a seven-member committee to examine the comments received on the consultation paper floated by it for enhancing audit independence and accountability in the country. Purpose: The committee will examine the comments and make recommendations requiring any amendments in law, rules and standards to achieve the objective of enhancement of audit independence and accountability. The panel has been asked to submit its report by 30 June 2020.

 

♦April 2020

Committee Headed by Purpose
Reconstitutes National Shipping Board headed by ex-DG Shipping Malini Shankar

 

The government has approved reconstitution of the National Shipping Board to be headed by former Director General of Shipping Malini Shankar, an official said. The National Shipping Board (NSB) is the highest advisory body on matters related to Indian shipping including the development there of and on such other matters arising out of the Merchant Shipping Act.

The shipping ministry has approved reconstitution of the 16-member NSB, which will be headed by former Director General of Shipping Malini Shankar, as per a communication from the ministry to the DG Shipping.

♦Committee (March 2020)

Committee Headed by Purpose
Delimitation Commission set up for J&K, Assam, Arunachal Pradesh, Manipur, Nagaland

 

Former Supreme Court judge, Justice (retd.) Ranjana Prakash Desai The Central Government has set up a Delimitation Commission for the purpose of delimitation of Assembly and the Parliamentary constituencies Union Territories of Jammu and Kashmir and the States of Assam , Arunachal Pradesh, Manipur and Nagaland.
15th Finance to Commission review fiscal consolidation road map of the both state and central

 

N. K. Singh The Fifteenth Finance Commission (15th FC) will monitor the situation in India in the wake of coronavirus pandemic and also the country’s response to it, as part of its deliberations ahead of the recommendations for 2020-21 (FY21) to 2025-26 (FY26).

The Commission’s Chairman N K Singh said on 19th March that some aspects that will need to be examined include health-sector specific needs, the larger impact on the economy of the Centre and states, and disaster relief funds.

IRDAI sets up panel on governance at insurers Pravin Kutumbe

 

The country’s insurance regulator has set up a 16-member committee to find ways to improve corporate governance systems of insurers, primarily on making key functions such as risk management and internal audits independent of each other.

The committee will be headed by Pravin Kutumbe, member-finance and investment at IRDAI and has six other members from the insurance regulator besides members from the Reserve Bank of India and the Securities and Exchange Board of India along with other industry participants. It has been asked to submit the report to IRDAI in three months.

 

♦February 2020

Committee Headed by Purpose
Municipal bonds development Sujit Prasad Committee which will suggest on policy matters pertaining to development of municipal debt securities and facilitate municipalities for issuance of such bonds.

The panel will advise Sebi on issues related to regulation and development of primary and secondary market of municipal debt securities.

15th Finance commission to boost agri exports

 

Sanjiv Puri The panel will recommend measurable performance incentives for States to encourage agri exports as well as to promote crops to enable high import substitution, the Finance Commission
High-level committee on Assam Accord’s Clause Retired Justice Biplab Sharma A high-level committee on Assam Accord’s Clause 6 on 25th February submitted its report to Assam Chief Minister Sarbananda Sonowal in Guwahati.

The committee, headed by retired Justice Biplab Sharma, gave recommendations and measures to implement the Clause 6 of the Assam Accord.

Now, the Assam government will send the report to the Ministry of Home Affairs (MHA) for the follow-up action.

 

♦January 2020

Committee Headed by Purpose
Committee to draft the National Water Policy Dr Mihir Shah The committee established by the Ministry of Water Resources, River Development and Ganga Rejuvenation, Government of India will outline the new National Water Policy (NWP) for the country.

The committee, comprising of 11 members including Dr Shah, will draft the National Water Policy (NWP) and will

Road safety committee Retired judges, Justice Abhay Manohar Sapre The Supreme Court on 16th January said it would appoint one of its retired judges, Justice Abhay Manohar Sapre, as the chairman of its committee on road safety after the panel’s current head — former apex court judge Justice K S P Radhakrishnan — expressed difficulty in continuing in that position.

The bench has posted the matter for further hearing in July.

Draft mediation law Niranjan Bhat The Supreme Court has, through a unique step, set up a panel to firm up a draft legislation to give legal sanctity to disputes settled through mediation, which would then be sent to the government as a suggestion from the apex court.

The panel, to be headed by mediator Niranjan Bhat, will recommend a code of conduct for mediators, who are legal experts. On January 12, the committee met in Hyderabad to consider suggestions for a legislation put forth by mediators from all over India.

The mediators emphasised on confidentiality, the voluntary nature of the process, neutrality, avoiding conflicts of interest, enforceability of settlement etc.

♦2019

Committee

Headed by

Purpose

Expert panel to examine non-personal data regulation Infosys co-founder Kris Gopalakrishnan Ministry of Electronics and Information Technology (Meity) has framed an 8-membered high-level panel headed by Infosys co-founder Kris Gopalakrishnan to study issues related to non-personal data and suggest the ways to regulate non-personal data.

 

Set up of a federal body like GST council for the agriculture sector Mahesh Kumar Jain The RBI (Reserve Bank of India) panel has suggested creating an institution like the GST (Goods and Services Tax ) Council to implement reforms in the agricultural sector. It was also recommended to transfer subsidy directly to the account and avoid debt waiver.
i. The panel stated that subsidy on interest subvention or agricultural credit should be converted into direct benefit transfer (DBT) like LPG (Liquefied petroleum gas) and fertilizer with an overall limit of Rs 3 lakh per individual farmer through Kisan Credit Card (KCC) mode.
ii. Banks should increase credit supply for agricultural activities and give consumption loans to farmers up to Rs 1 lakh
IBA’s Managing Committee Karnataka Bank MD & CEO MS Mahabaleshwara The Managing Director (MD) and Chief Executive Officer (CEO) of Karnataka Bank, M S Mahabaleshwara was included in the Managing Committee of Indian Banks Association (IBA). He was elected unopposed from the private sector member banks category.

 

Development of housing finance securitisation market Harsh Vardhan The panel headed by Harsh Vardhan, senior advisor, Bain and Co., for the development of housing finance securitisation market has submitted its report to the governor of the Reserve Bank of India (RBI) Shaktikanta Das.
i.
 The panel suggested that the National Housing Bank (NHB) should create an intermediary for standard-setting and market-making for the instruments. Intermediary could operate either directly through the NHB, the Indian Mortgage Guarantee Corporation (IMGC), or the RBI could set up a new organisation.

ii. The new entity would have 51% ownership by the government through the NHB initially. The government ownership in the entity would then be gradually reduced to 26% over a period of 5 years. The remaining capital of 49% may be initially raised from multilateral agencies. It will start with Rs 500 crore of initial capital and it would be allowed to invest in each pool it securitizes to the extent of 5% of the pool, or 5% of its own capital base,
Assets, liabilities of J&K Defence Secretary Sanjay Mitra Centre has appointed defence Secretary Shri Sanjay Mitra to head a 3-member panel to look into assets, liabilities of Jammu and Kashmir(J&K) between two successor Union territories(UT) J&K and Ladakh, that comes into effect on October 31, 2019.
Background: The centre, announced the withdrawal of the special status granted to Jammu and Kashmir under Article 370 of the Constitution and bifurcation of the state into two UTs on August 5, 2019.
Action against mob lynching/ mob violence Amit Shah Union home minister & BJP( Bharatiya Janata Party ) President, Amit Shah will now head a 4-member panel of ministers, which was created in 2018 to propose action against mob lynching. T
RBI’s Task Force on Offshore Rupee Markets Usha Thorat The Task Force formed by the Reserve Bank of India (RBI) on Offshore Rupee Markets headed by Usha Thorat has recommended the extension of onshore market hours to 9 am to 9 pm, from 9 am to 5 pm, to improve access of overseas users and allow Indian banks to freely offer prices to global clients around the clock
Economic Capital Frame Work Bimal  Jalan
Elephant Bond Surjit Bhalla
ATM Interchange Free Structure VG Kannan
Currency Movement DK Mohanty
LPG Marketing Kirit Parrikh
MSME UK sinha
Frauds Detection in Ayushman Bharat by IRADIA & NHA Dinesh Arors
GOFM of States for GST Panel Sushil Kumar Modi
Goroup of CMs for  Doubling Farmers Income Devendra Fadnavis
Help ease stress in telecom sector Rajiv Gauba  The government has set up a committee of secretaries (CoS) under Cabinet Secretary Rajiv Gauba to suggest measures to mitigate the financial stress in the telecom sector, which is looking at a payout of Rs 1.33 trillion to clear statutory dues.

it will consider issues such as deferment of spectrum auction for two years and reduction in spectrum usage charges, and take a relook at the Universal Service Obligation Fund (USOF) charges.

Easier entry to foreign investors Surjit Bhalla A high-level advisory group (HLAG) on trade and policy has recommended simpler regulatory and tax framework for overseas investment funds, allowing individual investment from abroad in Indian debt and capital markets, and state-specific policies to facilitate foreign direct investment in agro-processing.
Chairman of the estimates committee Pune Lok Sabha member& BJP MP, Girish Bapat
Women Help Desks, More Anti-human Trafficking Units to be Set Up Using Nirbhaya Fund Empowered Committee (EC) under Nirbhaya framework, chaired by WCD Secretary Rabindra Panwar Women and Child Development Minister Smriti Irani said that women help desks will be set up in police stations across the country and more anti-human trafficking units established in all districts using the Nirbhaya fund.
Tighter Rules For Core Investment Companies Tapan Ray

 

The committee suggested that:

 Capital contribution by a CIC in a step-down CIC, over and above 10 percent of its owned funds, should be deducted from its ‘adjusted net worth’. Further, step-down CICs may not be permitted to invest in any other CIC, but allowed to invest freely in other group companies. Existing entities can be given a two-year glide path to comply with the rules.

The number of layers of CICs in a group should not exceed two, as in case of other companies under the Companies Act. Again, a two-year glide path has been suggested for existing firms.

Draft new water policy Mihir Shah It will be chaired by Mihir Shah, who is a former Planning Commission member and a water expert. The committee has 10 principal members, including Shashi Shekhar, a former secretary of Water Resources, and A.B. Pandya, former chairman of the Central Ground Water Board.  The committee is expected to produce a report within six months.
Sports Ministry to review the controversial Draft National Sports Code 2017. Supreme Court judge Justice (Retd) Mukundakam Sharma as its chairman. Olympic bronze-medallist shooter Gagan Narang, former football captain Baichung Bhutia and national badminton coach Pullela Gopichand have been named in a 13-member expert committee formed by the Sports Ministry to review the controversial Draft National Sports Code 2017.

The expert committee will be headed by Supreme Court judge Justice (Retd) Mukundakam Sharma as its chairman.

“The committee will try to strike a balance between autonomy of NSFs vis-a-vis need for transparency and autonomy.

Parliament’s meeting of Consultative Committee Rajnath Singh Defence Minister Rajnath Singh chaired a meeting of the Consultative Committee of Parliament for the Ministry of Defence in New Delhi.

The subject of the meeting was Border Roads Organisation, BRO. Director General BRO Lt Gen Harpal Singh gave a detailed presentation on the working of the organisation, especially on maintaining operational road infrastructure for the armed forces in border areas.

15th Finance Commission submits its report for 2020-21 N K Singh

 

The Finance Commission submitted its report for the financial year 2020-21 to President Ram Nath Kovind on 5th December. The Commission headed by N K Singh apprised the President of the recommendations contained therein.

The 15th Finance Commission was constituted by the President of India under Article 280 of the Constitution on November 27, 2017, to make recommendations for a period of five years from April 2020 to March 2025.

Rajya Sabha forms informal group to study issues related to pornographic content on Internet, social media Jairam Ramesh Rajya Sabha Chairman Venkaiah Naidu on 5th December announced the formation of a 14-member informal group to study issues related to pornographic content on the Internet and social media platforms.

Congress leader Jairam Ramesh will co-ordinate the group which will submit its report within a month.

Click here to Read more important Updates

Leave a Reply