Page-15 of Committees

RBI mulling over Payment bank as recommended by Nachiket Mor Panel

June 13, 2014

The Reserve Bank of India will soon come up with India’s first payments bank, which will offer deposit and payment services but not provide loans.  This idea is in line with the recommendations made by the Nachiket Mor committee. The central bank ..

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Mudgal Panel: Sourav Ganguly joins Mudgal Panel probing IPL spot-fixing & betting scandal

June 10, 2014

Sourav Ganguly, former India cricket team skipper, has been inducted into the Supreme Court appointed Mudgal Panel that has been set up to investigate the IPL spot-fixing and betting scandal including probing the 13 names that are mentioned in the ..

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Justice MB Shah Committtee: SIT to probe black money

May 29, 2014

In its first major step after assuming charge, Prime Minister Narendra Modi’s government has ordered the formation of a Special Investigation Team (SIT) to investigate black money, mostly hoarded abroad. Composition of SIT The SIT will be headed by retired ..

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RBI releases Report of Umesh Bellur headed GIRO Advisory Group

April 28, 2014

The Reserve Bank of India (RBI) released, on its website for public comments, the Report of the GIRO (Government Internal Revenue Order) Advisory Group. GIRO Advisory Group (GAG) was constituted by the RBI in October 2013, under the chairmanship of Prof. ..

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RBI accepts P. Vijaya Bhaskar Committee's recommendations relating to Financial Benchmarks; asks establishing an independent body for recommending benchmark foreign exchange rate

April 19, 2014

RBI has accepted the P. Vijaya Bhaskar Committee’s recommendations relating to Financial Benchmarks. RBI has asked for establishing an independent body for recommending benchmark foreign exchange rate in order to avoid any potential manipulation by the bankers. The Bhaskar Committee had suggested ..

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Aditya Puri committee recommendation: Give customers a free copy of credit profile

March 25, 2014

As per the Aditya Puri committee recommendations, customers should be given a free copy of their credit profile as it would help in promoting financial discipline among loan seekers.  Excerpts of the recommendations made by Puri committee Headed by Aditya ..

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12th Meeting of the FSDC Sub-Committee at New Delhi: Set up a High Powered Inter Regulatory Committee to explore ways to comply with Basel-III capital norms

March 11, 2014

At the 12th  sub-committee meeting of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, held at New Delhi, it was decided to set up a High Powered Inter Regulatory Committee to explore ways of enabling ..

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Shyamala Gopinath Committee recommendations: Interest rates on FDs offered by Post Offices hiked by 0.2%

March 8, 2014

The Union Government decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 %. The decision to hike interest rates is taken on the recommendations of Shyamala Gopinath Committee.  As per the Shyamala ..

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M.P.Bezbaruah Committee: For protection of rights of North Eastern people

February 27, 2014

The Union Government expanded Bezbaruah panel to look into the various kinds of concerns of the persons hailing from the North Eastern States, who are living in different parts of the country, especially the Metropolitan areas, and to suggest suitable ..

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Ashok Kumar Mathur-7th Pay Commission: Cabinet approved merger of 50% DA with Pay and 7th Pay Commission Terms of Reference

February 27, 2014

In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Union Cabinet approved terms of reference for seventh pay commission. This includes merging dearness allowance above 50% with basic pay. At present, Dearness Allowance (DA) is ..

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