This Commission works under the control of the Ministry of Civil Aviation, the Government of India which administrates its functioning and crosschecking developments. Aim Major aim to establish the Commission of Railway Safety was to ensure the aspects related to rail travel safety and its operation. The Commission also looks at the specific constitutional functions… Continue reading Commission of Railway Safety: Aim, Functions

The National Commission on Farmers (NCF) has great significance since its inception. Its major aim is to benefit the farmer’s community in this country. This Commission has played several active roles to guide Indian farmers to organize them for an additional productivity and output through applying the innovating farming options. Creation of National Commission on… Continue reading National Commission on Farmers: Composition, Mandate

University Grants Commission (UGC) was established to augment educational system in India and especially to boost university system in the country for overall growth of higher education. This body has suggested several improvements in the university system and works extensively to bring the institutions of higher repute into order through constant reforms and by development… Continue reading University Grants Commission: Establishment, responsibilities

National Commission for Women is also one of the significant statutory bodies established by the Government of India. It was established in 1992 under the provisions of the National Commission for Women Act, 1990. The Central Government took the initiative to establish this Commission by keeping in view the provisions of India’s constitution to strengthen… Continue reading National Commission for Women: Working, Composition, Functions

Planning Commission of India is considered as an important institution in India’s governance system. It has major role in country’s economic planning for the overall growth. Central Government had formed Planning Commission in India as central body to work comprehensively with the consecutive term of five years as country’s Five-Year Plans for economic and social… Continue reading Planning Commission of India: Functions, Change to NITI Aayog

The CBI owes its origin to the Delhi Special Police Establishment, established in 1941, to enquire into cases of corruption in the procurement during the Second World War. Later, based on the recommendations of the Santhanam Committee on Prevention of Corruption, CBI was established by a resolution of the Ministry of Home Affairs. Later, it… Continue reading Central Bureau of Investigation: Composition, Functions

Central Vigilance Commission, abbreviated as CVC is a top government body, established in 1964 with the aim of addressing corrupt practices within the government. The Central Vigilance Commission (CVC) works in coordination with the government authorities for the betterment of the system. Purpose The main purpose for which this important body had been established was… Continue reading Central Vigilance Commission (CVC): Purpose, Functions

National Human Rights Commission (NHRC) is a public body constituted for benefiting the citizens of the country. It plays vital roles since its establishment on October 12, 1993. Human Rights means the rights relating to life, liberty, equality and dignity of the individual guaranteed by the constitution or embodied in the International covenants and enforceable… Continue reading National Human Rights Commission of India: Establishment, Composition, Functions

National Consumer Disputes Redressal Commission contributes a lot in the country’s administrative reforms. This Commission has provided numerous guidelines and advises the Government of India on regular intervals for systematizing its functionalities that has made it one of the important bodies for the better and effectual governance in self-governing system. In 1988, the Government of… Continue reading National Consumer Disputes Redressal Commission: Establishment, Powers

There are a large number of laws, which charge the Executive with adjudicatory functions, and the authorities so charged are, in the strict scene, administrative tribunals. Administrative tribunals are agencies created by specific enactments. Administrative adjudication is a term synonymously used with administrative decision-making. The decision-making or adjudicatory function is exercised in a variety of… Continue reading Tribunals: Establishment, Evolution, Characteristics, Categories

Though the distinction between quasi-judicial and administrative action has become blurred, yet it does not mean that there is no distinction between the two. In A.K. Kraipak vs. The Union of India, the Court was of the view that in order to determine whether the action of the administrative authority is quasi-judicial or administrative, one… Continue reading Quasi-judicial Action vs. Administrative Action, Important Quasi Judicial bodies

Quasi-judicial bodies are institutes which have powers analogous to that of the law imposing bodies but these are not courts. They primarily oversee the administrative zones. The courts have the power to supervise over all types of disputes but the quasi-judicial bodies are the ones with the powers of imposing laws on administrative agencies. These… Continue reading Quasi-Judicial Bodies: Establishment, Functions

Financial Inclusion in India Financial Inclusion is about The broadening of financial services to those people who do not have access to financial services. The deepening of financial services for people who have minimal financial services. Greater financial literacy and consumer protection so that people can make appropriate choices. The importance of FI is both… Continue reading Financial Inclusion in India: Need and future; PMJDY; Payment Banks and Small Banks

A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity. It is established by legislative act in order to set standards in a specific field of activity, or operations, in the… Continue reading Regulatory Bodies: Establishment, Functions, Examples

Non-Banking Financial Companies A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose… Continue reading Non-Banking Financial Companies in India

Non-Performing Assets An NPA is a loan or advance for which the principle or interest payment remained overdue for a period of 90 days. Banks are further required to classify NPA into: Key Facts about India’s NPA Problem The financial position of India’s Public Sector Banks has deteriorated sharply since 2011. Gross NPA has risen… Continue reading Problem of Non Performing Assets in India

Banking Sector Reforms First Narasimhan Committee Report – 1991 To promote the healthy development of the financial sector, the Narasimhan committee made recommendations. Recommendations of Narasimhan Committee 1.    Establishment of 4 tier hierarchy for banking structure with 3 to 4 large banks (including SBI) at the top and at bottom rural banks engaged in agricultural activities.… Continue reading Banking Sector Reforms in India: Narasimhan Committee 1&2, Nachiket Mor Committee, P J Nayak Committee

Statutory bodies are established by acts which Parliament and State Legislatures can pass. These bodies are entities shaped by an Act of Parliament or state legislatures and set up by the government to consider the data and make judgments in some area of activity. Basically, a statutory body is an organization of government which is… Continue reading Statutory Bodies: Establishment, Functions, Examples

Lead Bank Scheme After the Nationalisation of the commercial Banks, the government took the initiative for extending banking facilities in rural areas. Prof D. R. Gadgil, chairman of National Credit Study Group, recommended the adaptation of an “area approach” to evolve plans and programs for the development of an adequate  banking and credit structure in… Continue reading Nationalisation of Banks