Important Committees and Commissions

Committee to Prepare a a roadmap for enhancing domestic production of oil and gas

In March 2013, the Petroleum Ministry appointed a committee headed by economist Vijay Kelkar to prepare a roadmap for enhancing domestic production of oil and gas so as to substantially reduce the nation's import dependency by 2030. India currently produces around 33 million tonne crude, which is about 20 percent of domestic requirement also produces about 114 million standard cubic meters of natural gas. Thus the country imports 80 per cent of its oil needs and about half of its natural gas requirement. The Committee has been asked to submit its report to the government within six months. The panel has been asked to suggests "steps to be taken for enhancing domestic oil and gas production from the unconventional energy sources and institutional mechanism (required) for appraisal of Indian sedimentary basins to the extent of 75 per cent by 2015 and 100 per cent by 2025.

Committee to Prepare a blue print for the proposed India's first Women's Public Sector Bank

The Ministry of Finance has constituted a Committee in March 2013 under the Chairmanship of Shri M.B.N. Rao, Ex-CMD, Canara Bank to prepare a blue print for the proposed India's first Women's Public Sector Bank, as suggested by the Finance Minister Shri P Chidambaram in the Budget 2013-14 speech. The said Committee is to submit its report by 30 April 2013. The necessary approvals including banking licence etc, will be obtained by October, 2013 and the Bank is expected to start functioning from November 2013.

Committee on GAAR

The Government constituted an Expert Committee headed by Dr. Parthasarathi Shome on General Anti Avoidance Rules on July 13, 2012. The Committee submitted its draft report on 30 Aug 2012. The Government had earlier on August 6, 2012 also requested the Expert Committee to examine the applicability of the amendment on taxation of non-resident transfer of assets where the underlying asset is in India, in the context of Foreign Institutional Investors (FIIs) operating in India purely for portfolio investment. It was later decided to expand the scope of the Terms of Reference of the Committee to include all non-resident tax payers instead of only FIIs.

Committee for framing National Corporate Governance Policy

The Ministry of Corporate Affairs has constituted a Committee in April 2012 under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without impinging on their internal autonomy to order their affairs in their best judgment. The Committee is expected to make its recommendations within six months from the date of its first meeting after wide consultations with all stakeholders in the corporate sector, academics and members of the public.

Committee to review long term safety needs of railways

The Indian Railways set up a high level committee in Sep 2011 headed by former Atomic Energy Commission chief Anil Kakodkar, to review its long-term safety needs. Mr. E. Sreedharan, chairman of Delhi Metro, N. Vedachalam of the Vikram Sarabhai Space Centre, Thiruvananthapuram, Sanjay Dhande, director of IIT-Kanpur, and G.P. Srivastava of the Bhabha Atomic Research Centre have also been made members of the high-level panel.

Committee of Governors

The President, Smt. Pratibha Devisingh Patil has constituted a Committee of Governors under the chairmanship of Shri Shivraj Patil, Governor of Punjab & Rajasthan to study and recommend measures for enhancing productivity, profitability, sustainability and competitiveness of the agriculture sector in India with special reference to rainfed area farming.

Other members of Committee are Shri K. Sankaranarayanan, Governor of Maharashtra & Goa, Shri N.N. Vohra, Governor of Jammu & Kashmir, Shri Ranjit Shekhar Mooshahary, Governor of Meghalaya, Shri H.R. Bhardwaj, Governor of Karnataka, Shri Devanand Konwar, Governor of Bihar, Smt. Margaret Alva, Governor of Uttarakhand, Shri Nikhil Kumar, Governor of Nagaland, Shri J.B. Patnaik, Governor of Assam, Shri Shekhar Dutt, Governor of Chhattisgarh, Shri K. Rosaiah, Governor of Tamil Nadu, Shri Vakkom Purushothaman, Governor of Mizoram and Lt. Gen. (Retd.) Bhopinder Singh, Lt. Governor of Andaman & Nicobar Islands.(Nov 2011)

Commission to probe Goa's mining scam

A nine-member commission led by retired Supreme Court judge MB Shah has been appointed to probe Goa's mining scam with a special eye on illegal extraction of iron ore amid the sharp increase in demand before the 2008 Beijing Olympics. The commission will submit its report in 45 days.(Sep 2011)

Committee to enquire into all the aspects of the issues relating to prevalence of Doping

One member committee headed by Justice Mukul Mudgal, retired Chief Justice of the High Court of Punjab & Haryana, appointed on 07.07.2011 to enquire into all the aspects of the issues relating to prevalence of Doping.

Committee on Customer Service in Banks

Headed by M. Damodaran, former Chairman, SEBI, the committee was constituted in May 2010, the committee submitted its final report in Aug 2011.

Committee to review Indian Ports Act 1908 and Major Ports Act, 1963. constituted in 1997.

Headed by Shri C. Babu Rajeev the then Chairman, Cochin Port Trust. The Committee submitted its Report along with the recommendations to the Ministry in November, 1999. Subsequent review of the recommendations has resulted in framing of the new Draft Indian Ports Bill, 2011.

Committee to review the role, functioning and structure of the Central Economic Intelligence Bureau (CEIB) and to recommend steps to streamline and strengthen financial intelligence gathering and its dissemination for effective coordination amongst the Intelligence Organisations of the Government.

Headed by Shri S. S. Khan, Retired Member, Central Board of Direct Taxes (CBDT). It submitted its report in Jul 2011.

Financial Sector Legislative Reforms Commission to rewrite and harmonise financial sector legislations, rules and regulations announced on 24 Mar 2011. To submit its report within 24 months.

Headed by Chairman, Central Board of Direct Taxes

Committee to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery will be headed by

Headed by Chairman, Justice (Retd.) B. N. Srikrishna

Review of Ownership and Governance of Market Infrastructure Institutions

Headed by former RBI Governor - Bimal Jalan

High Level Committee on Estimation of Savings and Investments

Headed by Chairman of the Economic Advisory Council to the Prime Minister - Dr. C. Rangarajan

Committee on Open and Competitive Mechanism for Allocation, Pricing and Unilization of Natural Resources

A high level committee headed by Shri Ashok Chawla to to suggest a roadmap for efficient and transparent distribution of scarce natural resources like land, water, minerals (including petroleum products like oil and gas) and radio frequency (spectrum).

Committee to look into irregularities in Commonwealth Games related contracts

Headed by Shri VK Shunglu, former Comptroller and Auditor General of India.

Committee on Comprehensive Review of National Small Savings Fund

Headed by Smt Shyamala Gopinath, Reserve Bank Deputy Governor

Committee to review the draft National Sports (Development) Bill, 2011

Headed by Justice Mukul Mudgal

Committee on Credit Related Issues under Swarnjayanti Gram Swarojgar Yojana

Headed by Prof. R. Radhakrishna - Submitted its report in 2009 and recommended setting up National Rural Livelihoods Mission

Committee to look into the demand for a separate state for Telangana region in Andhra Pradesh

Headed by former Chief Justice B.N. Srikrishna constituted in February 2010 - Submitted its report in January 2011.