The Malimath Committee was set up in 2000 under the chairmanship of Justice V.S. Malimath with the objective of bringing about reforms in the criminal justice system of India. The committee submitted its report in 2003, which contained several recommendations aimed at improving the efficiency and effectiveness of the criminal justice system. In this article, …
History of Planning in India The Congress Plan The Congress Plan: It was on the initiative of the INC president Subhash C. Bose that the National Planning Committee (NPC) was set up in October 1938 under the chairmanship of J.L. Nehru to work out concrete programmes for development encompassing all major areas of the economy. …
The revolt of 1857 was an attempt to remove the foreign rule in India. The revolutionaries made Bahadur Sah Jafar their leader. The revolt started at Merrut and spread across north India and west India. South India remained unaffected by the revolt. Political Causes Subsidiary Alliance (Wellesely): Nizam of Hyderabad was the first to fall …
Arrival of Portuguese 1498: The arrival of Vasco Da Gama at Calicut started a new chapter in the Indian history. They were great naval power but could not invade deep in the Indian Territory. Vasco Da Gama travelled with the swing of Monsoon wind and carried Pepper with him. The trade was quite profitable. The …
RBI setup this Committee to review the governance of Board of Banks in India. (Published in May 2014) The banking sector in India is dominated by public-sector banks (PSBs) with government being the majority stake holder in them. In recent years, the Public Sector banks have been suffering with multiple problems of non-performing assets (NPAs), …
As part of Banking Reforms, Banks Board Bureau was constituted. It is entrusted to improve the commercial performance and governance process of state-owned banks, by appointing the right candidates to lead these institutions. BBB is responsible for selection of Heads of PSBs, and for Fulltime Directors and Non-Executive Chairman on the Boards of PSBs. Later, …
In India, any money you send overseas is subject to controls, as the government is wary of excessive outflows of foreign exchange draining its reserves and destabilizing the rupee. But there has been an effort to gradually liberalize these controls. The window that was opened up in 2004 for individuals to remit money across the …