List of Important Committees for Bank Exams 2020
Important Committees PDF for IBPS PO/Clerk and RRB PO/Clerk Mains 2020. Recent Important Committee in 2020. List of Important Committees in India. If you are preparing for SBI, IBPS, LIC, SSC, Railway, and other competitive Exams, you may find some questions related to Important Committees. Questions based on Recent Important Committees form a part of the Current Affairs in General Awareness section of many Govt. and Bank exams.
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List of Important Committees in India 2020
|Prasar Bharati CEO to Head Shashi S. Vempati
||Committee to review the guidelines on television rating agencies in India||To submit its report to the information and broadcasting minister within two months.|
|P K Mohanty||Large NBFCs into banks||has recommended the guarded entry of corporates into the banking space, conversion of big NBFCs into banks and hike in promoters’ stake to 26% from 15%. The group also proposed a hike in minimum capital for new banks from Rs 500 crore to Rs 1,000 crore.“The cap on promoters’ stake in the long run — 15 years|
|Arun Goel||Capital Goods (CG) Sector through interventions that help the CG Sector||Contributing more actively in the national goal of achieving a $5 trillion economy and a $1 trillion manufacturing sector.|
|M.S. Ananth||All India Council for Technical Education (AICTE)||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.|
|Justice Madan B Lokur||Prevent stubble burning||One-man committee to take steps forpreventing stubble burning in Punjab, Haryana and Uttar Pradesh which is a source of pollution in Delhi-national capital region (NCR).|
|Madhabi Puri Buch||Recommending Policy on Market Data Access||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.|
|PM Modi||400th birth anniversary of Shri Guru Tegh Bahadur||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.|
|Lt. Gen. Shekatkar (retired)||To review effective utilisation of AFHQ CS cadre||Defence Minister Rajnath Singh has approved the setting up of 3-member committee headed by Lt. Gen. Shekatkar (retired) to review the effective utilisation of the Armed Forces Headquarters Civil Services (AFHQ CS) cadre. Two other members of the committee are R. Chandrashekhar, a retired AFHQ cadre officer, and AN Das from the MoD finance wing. The committee will enable the Defence Ministry to optimise the civil as well as military administrative appointments in the service headquarters.|
|Neetu David||India women’s selection committee||The Board of Control for Cricket in India (BCCI) has appointed Neetu David, one of finest woman cricketers of India in the late ’90s and early 2000, as the Chairman of the 5 member women’s national selection panel. The other member of the newly-elected panel includes Mithu Mukherjee, Renu Margrate, Arati Vaidya and V Kalpana.|
|KV Kamath||To suggest financial parameters for resolution of Covid-19 related stressed assets.||The committee will submit its recommendations to the RBI, which will notify them along with modifications, in 30 days. The other members of the committee will be Diwakar Gupta, T N Manoharan and Ashvin Parekh will be strategy advisor and the Indian Banks’ Association CEO will function as member secretary of the panel.|
|Dr V K Paul||Expert Committee meet on Vaccine Administration||Dr V K Paul, Member Niti Aayog has chaired the meeting of National Expert Group on Vaccine Administration for COVID-19. The committee held a meeting to deliberate on measures to ensure availability of vaccines as well as its delivery mechanism. It also discussed the mechanisms for the establishment of a digital infrastructure for inventory management.|
|Rajiv Mehrishi,||Related moratorium||Government of India has constituted an Expert Committee for making an overall assessment of relief to bank borrowers related to waiver of interest and waiver of interest on interest on the COVID-19 related moratorium. State Bank of India will provide secretarial support to the committee. The Committee may consult banks or other stakeholders, as deemed necessary, for the purpose.|
|KV Kamath||Setting Parameters for Loan Restructuring
|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.”|
|Pradip Shah||Plan to develop international retail business||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.
|Chaired by Secretary (retd) G K Pillai.||Fix ceiling rates under duty reimbursement scheme for exporters||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.|
|Captain S S Chahar||Kozhikode plane crash||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.|
|Ramesh Chand||Sugarcane Prices to Sugar Rate
|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.|
|Shaktikanta Das||Dividend of ₹57,128 crore to government.
|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|
|Rajesh Verma||Business Responsibility Reporting (BRR)
|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.|
|Minister of state for home affairs G Kishan Reddy||Committee for the welfare of freedom fighters||Ministry of Home Affairs (MHA) has reconstituted a new committee for the welfare of the freedom fighters. This committee chaired by the minister of state for home affairs G Kishan Reddy and 9 other “eminent freedom fighters” from across the country. The ministry features a separate division to serve freedom fighters who are alive and their families. It disburses pension to about 30,000 freedom fighters.|
|Sijo George||Committee on STIP 2020||Sijo Kuruvilla George has been appointed to the Central Government’s committee on Science, Technology and Innovation Policy 2020 (STIP 2020). He is a founding CEO of Startup Village and founder of Re-think Foundation. With this, he has become the part of the eight-member panel which is led by Harkesh Mittal, who also heads the Department of Science and Technology.
|Anil Kumar Jha||Violation of environment rules.||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.|
|Prof. Deepak.B. Phatak||Analysis of QR (Quick Response) Code’||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.|
|Professor R. Narayanaswamy||National Financial Reporting Authority||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.|
|Usha Thorat||Sebi rejigs advisory||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.
|Suresh Mathur||‘Pandemic Risk Pool’||“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.|
|K S Reddy||Human rights and future response of the government.||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||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.|
|Ranbir Singh||National level committee for reform in criminal law||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.|
|T V Mohandas Pai||IBBI advisory committee on service providers
|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.|
|Defence Minister Rajnath Singh||MSME loan scheme implementation
|To resolve any problem in the implementation of the Rs 3 lakh crore collateral-free loan scheme for MSMEs.|
|G Kishan Reddy||Welfare of freedom fighters||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.|
|RBI executive director PK Mohanty||Review private bank shareholding norms||The group will examine the existing licensing guidelines and regulations on ownership and control of private sector banks.|
|Sunil Kumar Gupta||Trustees of PM CARES||Trustees of the PM CARES Fund have appointed SARC & Associates as auditor of the fund.|
|Uday Kotak||IBBI reconstitutes advisory panel on corporate insolvency resolution process
|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.|
|headed by former Supreme Court Judge Anil Dave||Sebi panel suggests measures to strengthen enforcement, recovery mechanism
|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.|
|Justice BP Katakey||Assam Gas Leak||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.|
|Rajesh Bhushan||Reforms in India’s drug regulatory system||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.|
|Anil Kumble||Banning on the use of saliva to shine the ball||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.|
|Lt General D B Shekatkar (Retd)||Border Infrastructure||These were related to speeding up road construction, leading to socio economic development in the border areas.|
|Neerabh Kumar Prasad||Vizag gas leak||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.|
|Ministry of Home Affairs||4G internet services in J&K||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.|
|Adhir Ranjan Chowdhury||Parliament’s Public Accounts Committee
|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.
|The Ministry of Corporate Affairs (MCA)||Examine the comments received on the consultation paper floated||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.|
|Ex-DG Shipping Malini Shankar||Reconstitutes National Shipping Board||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.|
|Former Supreme Court judge, Justice (retd.) Ranjana Prakash Desai||Delimitation Commission set up for J&K, Assam, Arunachal Pradesh, Manipur, Nagaland
|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.|
|N. K. Singh||15th Finance to Commission review fiscal consolidation road map of the both state and central
|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||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.
|Sujit Prasad||Municipal bonds development||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.
|Sanjiv Puri||15th Finance commission to boost agri exports
|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|
|Retired Justice Biplab Sharma||High-level committee on Assam Accord’s Clause||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.|
|Dr Mihir Shah||Committee to draft the National Water Policy||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|
|Retired judges, Justice Abhay Manohar Sapre||Road safety committee||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.|
|Niranjan Bhat||Draft mediation law||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.
Important Committees for Bank Exams
|S.no||Name of committees or Headed by||Focus Area|
|1||Ajay Shankar Committee||To review the functioning of PPP cell|
|2||H R Khan Committee||To evaluate unclaimed PPP and post office saving|
|3||Bimal Jalan||To head the Expenditure Management Commission|
|4||Justice M B Shah||On black money|
|5||Deepak Mohanty Committee||Data and information management in the RBI|
|6||Arvind Mayaram Committee||To clear the definition to the FDI and FII|
|7||Nachiket Mor Committee||To permit NBFCs to work as business correspondence|
|8||P J Nayak Committee||Governance of Boards of Bank in India|
|9||K.V.Kamath Panel||To examine the financial architecture for Micro, small and medium enterprises|
|10||Tandon Committee||Follow up for bank credit|
|11||M L Dhantwala Committee||Regional Rural Banks|
|12||SS Nadkarni Committee||Trading in public sector banks|
|13||Bhide Committee||Coordination between commercial banks and SFC’s|
|14||AK Bhuchar Committee||Coordination between term lending institutions and commercial banks|
|15||R. Jilani||Inspection System in Banks|
|16||James Raj Committee||Functioning of public sector banks|
|17||Vipin Malik Committee||Consolidated Accounting by banks|
|18||A Ghosh Committee||Frauds & Malpractices in India|
|19||A K Khandelwal||HR issues of public sector banks|
|20||R.H. Khan Committee||Harmonization of role of financial institution in banks|
|21||Rakesh Mohan||Small Savings|
|22||N. K Singh Committee||To review the fiscal responsibility and budget management act|
|23||Amitabh Chaudhry||Analysis the existing framework of IRDA-linked and non-linked insurance product regulations|
|24||Inter- departmental Tax Force||To monitor and review the functioning of shell companies to prevent their misuse for money laundering and tax evasion|
|25||Dinesh Sharma Committee||To propose new regulation related to digital currencies or virtual currencies|
|26||Sudharshan Sen Committee||To study regulatory issues relating to financial technology and digital banking in India|
|27||Rattan P Watal Committee||To boost digital payment system in India|
|28||Amitabh Kant Committee||To address the problem of Non-performing assets (NPAs) or stressed assets in India’s power sector.|
|29||YM Deosthalee Committee||Task force on Public Credit Registry (PCR). The committee will review the current availability of information on credit in India.|
|30||C Khanduri Committee||Parliamentary standing committee on defense.|
|31||Arun Jaitley Committee||to oversee merger proposals of state-owned banks.|
|32||Rina Mitra Committee||to examine the problems of people along IB, LOC in J&K.|
|33||Justice (Retd.) G. Rohini Committee||to examine the sub-categorization of the Other Backward Classes (OBCs).|
|34||Dr. Hasmukh Adhia Committee||A GST Committee on Exports|
|35||Dr. Rajiv Kumar Committee||With an aim to create new jobs by enhancing India’s export|
|36||Dr. V. Kamakoti Committee||on Artificial Intelligence (AI) for the country’s Economic Transformation|
|37||K Kasturirangan Committee||To prepare National Education Policy|
|38||Amitabh Kant Committee||to address the problem of stressed assets in India’s power sector.|
|39||C.K. Mishra Committee||7-m ember committee formed by Union Environment Ministry to formulate measures to solve the problem of air pollution in Delhi-NCR region.|
|40||Chandan Sinha Committee||Panel formed by RBI for hedging commodities in global markets|
|41||Dr. Bibey Debroy Committee||to give a leg up to the Indian economy in the short term.|
|42||Yashwant Thorat Committee||Panel for by the Govt. to study merger of District Central Cooperative Banks (DCCBs) with Maharashtra State Cooperative (MSC) Bank|
|43||Assam Finance Minister Himanta Biswa Sarma||Group of ministers (GoM) on making the GST composition scheme more attractive held its first meeting in New Delhi|
|44||Afzal Amanullah||Go vt.’s Committee on Haj Policy has recommended phasing out of subsidy for Haj pilgrims & allowing women devotees above 45 years of age to travel in a group of at least four without a male|
|45||NITI Aayog Vice Chairman Rajiv Kumar||Centre has set up a high-level committee for proper management of water resources in the North-Eastern region to be head by|
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