Current Affairs Nov 2016 - Committees


News 1 - Cabinet approves constitution of Special Committee for Inter-Linking of Rivers

Inter-Linking of Rivers

The Union Cabinet gave approval to the Progress Report and constitution of “Special Committee for Inter-Linking of Rivers” in compliance of Supreme Court judgment.

Approval of the Union Cabinet will help in monitoring of the precious Inter-linking of River Projects to be carried out under National Perspective Plan 1980 of Government of India.

The Status-cum-Progress Report of Special Committee for Inter-linking of Rivers will be submitted bi-annually for information of Cabinet, which will facilitate faster and appropriate decisions in the interest of the country as expeditiously as possible.

News 2 - Demonetization: RBI sets up panel to oversee ATM recalibrations


Reserve Bank of India (RBI) set up a task force under Deputy Governor SS Mundra to oversee the recalibration of ATM machines after the country introduced new banknotes to replace old 500 rupee and 1,000 rupee notes.

The panel will provide "direction and guidance" for recalibrating ATM machines to dispense the new notes. The task force comprised of officials from the finance ministry, banks and Reserve Bank of India.

News 3 - Inter-ministerial committee set up by government to look into NRIs demonetization issues

NRIs demonetization

Since some foreign missions escalated their concerns to MoEA regarding visa fees and ease in funds withdrawal, an inter-ministerial committee chaired by additional secretary, was constituted to look into the concerns of NRIs and tourists from abroad and foreign missions due to withdrawal of legal tender 500 and 1000 rupees notes and ease their access to more funds.

Various other issues are also being considered by committee like NRIs holding Indian currency in India and abroad, money ex-change associations abroad etc.

News 4 - Central Government constitutes Committees for visiting States and reporting about the status of implementation of demonetization

Implementation of demonetization

The Central Government constituted teams of Additional Secretaries, Joint Secretaries, and Directors – with each team consisting of up to 2 to 3 officers for each State/UT, to visit the States/UTs and report back to the Government, status of implementation of the demonetization.

Each of the officers would visit different areas of the State/UT separately. The focus may be on the rural areas.

The teams would visit the State/UT allocated to them at the earliest and give their reports to the Department of Economic Affairs, Ministry of Finance by 25th November, 2016.

News 5 - SEBI officials to chair IOSCO panels


Parmod Kumar Nagpal and Amarjeet Singh of Securities and Exchange Board of India (SEBI) have been elected as Chairpersons of two committees set up by IOSCO.

Nagpal would chair the Committee on Issuer Accounting, Audit and Disclosure while Singh would be the chairperson of the Assessment Committee (AC). International Organization of Securities Commissions is the leading international policy forum for securities regulators, regulates over 95 per cent of the world’s securities markets in more than 115 jurisdictions.

News 6 - Amitabh Kant Committee constituted to push cashless transactions

Amitabh Kant

The Union Government constituted a new committee, headed by Niti Aayog CEO Amitabh Kant, to form a strategy to expedite the process of transforming India into a cashless economy.

The committee will identify and operationalize in the earliest possible time frame user-friendly digital payment options in all sectors of the economy. The committee was set up following a directive from the Prime Minister’s Office (PMO) to back up the demonetization move.

News 7 - Committee to examine AAP Govt's 400 files submits report to LG


The three-member committee constituted to examine about 400 files of Delhi government has submitted its report to the Lieutenant Governor Najeeb Jung.

Mr. Jung had set up the committee to examine responsibilities and irregularities in the 400 files submitted to him by the AAP government, after the Judgement of Delhi High Court.

The committee comprised of former Comptroller and Auditor General V K Shunglu, Chief Election Commissioner N. Gopalaswami and Chief Vigilance Commissioner Pradeep Kumar. The committee was asked to examine the role of public functionaries and fix responsibility.