Important Committees in India free essay sample

It was headed by Justice J. C. shah 35. Shah Nawaz Committee was an enquiry committee established in 1956 to Investigate the upposed death of Indian Subhas Chandra Bose in August 1945. The Committee Included shah Nawaz Khan. 36. States Reorganisation Commission constituted by the Central Government of India under the States Reorganisation Act and consisted of Hon. Fazal All, K. M. Panikker, and H. N. Kunzru. The Report submitted by the Committee in 1955 known as SRC Report went in to the problems of Telangana and Andhra regions. nd the arguments for and against the merger of two regions. 3. Srikrlshna Commission : 1992 Bombay riots 4. Thakkar Commission : Indira Gandhi assassination case R. N. Malhotra, former RBI Governor. A COMMITTEE was set up In 1993 under the chairmanship of R. N. Malhotra, former Governor of the Reserve Bank of India, to make recommendations for reforms in the insurance sector. The Malhotra Committee recommended introduction of a concept of professionalisation in the insurance sector to make out a strong case for paving the way for foreign capital. We will write a custom essay sample on Important Committees in India or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In its report submitted in 1994, the committee recommended, among other things, that: Private players be Included In the Insurance sector. Foreign companies be allowed to enter the insurance sector, preferably through Joint ventures with Indian partners. The Insurance Regulatory and Development Authority sector. The key objectives of the IRDA would include promotion of competition so as to enhance customer satisfaction through increased consumer choice and lower premiums while ensuring the financial security of the insurance market. Brokers representing the customer be brought in as another marketing and distribution channel, a practice prevalent in most developed markets Raise the level of professional standards in risk management and underwriting and speed up settlement of claims. Following the recommendations, the IRDA was constituted as an utonomous body in 1999 and incorporated as a statutory body in April 2000. With the coming into force of the IRDA Act, 1999, the insurance industry was opened up to the private sector. Janakiraman Committee The Indian Stock Market witnessed a rapid growth during 1991 and early 1992. It was assumed by the economists that the growth in the market was because of the growth story of India at that time. However, by April, 1992, it came to light that certain groups of stock brokers were defrauding the banks of their funds in the name of securities transactions and diverting the funds to stock market through their own accounts. CBI registered several cases against various groups of stock brokers. Further, a Joint Parliamentary Committee OPC) was also appointed to look into the scam. The JPC observed, The Scam is basically a deliberate misuse of public funds through various types of securities transactions with the aim of illegal siphoning off funds of banks and PSUs to select brokers for speculative transactions. The major groups of brokers involved were a) Harshad S. Mehta Group. b) Bhupen Dalal Group. c) Hiten Dalal Group. d) Alay Kayan Group. The above brokers used to commit frauds in the securities transactions with banks ike SBI, NHB, UCO Bank and certain cooperative banks, etc. n Ready Forward/ Double Ready Forward/ Switch Deals, etc. by furnishing bogus securities papers like BRs and SGL forms, which did not have any securities backing. The funds deployed by such banks were diverted to the stock market for the personal transactions of the brokers, whereby they enriched themselves. As per the Janakiraman Committee Report of RBI, the scam was of the magnitude of Rs. 4025 crore. CBI registered several cases against the above group of brokers for those cases . CBI, BSFC, Mumbai Branch registered 17 cases, out of which 15 were hargesheeted. Of these 15, 11 cases have been disposed off by the TORTS Court in Mumbai Alai Vikram Singh Committee In an attempt to give the army a leaner and meaner look, and to eliminate prospects of stagnation at its middle rung, the UPA government today announced that it would implement the major recommendations of the Alai Vikram Singh committee. Set up on July 16, 2001 by the NDA government, the committee, which was headed by then special secretary in the MOD, Mr Alai Vikram Singh (whos now the defence secretary), was asked to look into manpower-planning and suggest ways to restructure the officer-level cadre. It submitted its report a little over a year later, but its recommendations have since then been debated and discussed extensively, but could not be implemented. The Manmohan Singh government has now decided to do Just that. The acceptance of a part of the long-pending report of the A V Singh committee was announced today by defence minister Pranab Mukherjee on the ground that it would ensure better career prospects in the armed forces. The implementation will mean that the country can now look forward to an army with a youthful profile of its combat level officers, including battalion commanders and brigade commanders. The need for reducing the age of combat level officers was felt during the Kargil crisis when in mountainous terrain, a lot of battalion commanders were not able to keep pace with the fghting force under their command. RaJinder Sachar Committee The RaJinder Sachar Committee, appointed in 2005 by the Indian Prime Minister Manmohan Singh, was commissioned to prepare a report on the latest social,economic and educational condition of the Muslim community of India. The committee was headed by the former Chief Justice of Delhi High Court RaJinder Sachar, including other six The committee prepared a report f 403 pages, and presented in the lower house (Lok Sabha) of the Indian Parliament on 30 November 2006 (20 months after obtaining the terms of reference from the PMO). [6] The committee had highlighted and presented its suggestions and solutions to include and mainstream Indian Muslims. The online report is available from the Indian Government website. 7] The report is first of its kind revealing the backwardness of Indian Muslims, according to Sachar Committee report some of the major concers are: The status of Indian Muslims are below the conditions of Scheduled Castes and Scheduled Tribes. [8] The overall percentage of Muslims in bureaucracy in India is Just 2. 5% whereas Muslims constitute above 14% of Indian population. [9] To ensure equity and equality of opportunities to Indian multiple suggestions to be adopted, with a suitable mechanis ms. In June 1977 Justice Sachar was appointed by the government to chair a committee that reviewed the Companies Act and the Monopolies and Restrictive Trade Practices Act, submitting an encyclopaedic report on the subject in August 1978. Sachars committee recommended a major overhaul of the corporate reporting system, and particularly of the approach to reporting on social impacts Jyoti Basu Committee (Report on Octroi Abolition) Jyoti Basu was a Bengali politician belonging to the Communist Party of India (Marxist)from West Bengal, India.