Appointments Committee of the Cabinet Current Affairs - 2019
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Krishnamurthy Subramanian, Chief Economic Adviser (CEA) and B. Sriram, former managing director (MD) and chief executive officer (CEO) of Industrial Development Bank of India (IDBI Bank) were appointed part-time members of Insolvency and Bankruptcy Board of India (IBBI).
K Subramanian, an Indian School of Business (ISB) Hyderabad professor was appointed chief economic adviser for a period of 3 years in December 2018.
Their appointment was approved by Appointments Committee of the Cabinet (ACC), which is composed of Prime Minister of India (who is Chairman), Union Minister of Home Affairs and the order for appointment was issued by Department of Personnel and Training (DoPT).
About Insolvency and Bankruptcy Board of India
- IBBI, an insolvency regulatory agency was established on 1 October 2016. It was given statutory powers by Insolvency and Bankruptcy Code (IBC), the bankruptcy law of India which was passed by Lok Sabha on 5 May 2016.
- The IBC 2016 established Insolvency and Bankruptcy Board of India (IBBI), to oversee insolvency proceedings in India and to regulate entities registered under it.
- The IBBI Governing Board consists of 10 members, including representatives from the Ministry of Finance (MoF), Ministry of Law and Justice, Ministry of corporate affairs (MCA), and Reserve Bank of India (RBI).
- IBBI act as a regulator for overseeing insolvency proceedings and entities such as Insolvency Professionals (IP), Insolvency Professional Agencies (IPA) and Information Utilities (IU) in India.
- IBC covers Individuals, Companies, Partnership firms and Limited Liability Partnerships and handles cases under it using tribunals namely National company law tribunal (NCLT) and Debt recovery tribunal (DRT).
Tags: Appointments Committee of the Cabinet • B. Sriram • Cabinet (ACC) • Chief Economic Advise • Debt recovery tribunal • IBC • Insolvency and Bankruptcy Board of India • Insolvency and Bankruptcy Code • Krishnamurthy Subramanian • Ministry of Corporate Affairs • Ministry of Finance • Ministry of Law and Justice • National company law tribunal • Reserve Bank of India • Union Minister of Home Affairs
The Centre government has appointed senior Indian Police Service (IPS) officer V.S. Kaumudi as Director General of Bureau of Police Research and Development (BPR&D) by lowering the post to the rank of Additional Director General.
- The Appointments Committee of the Cabinet comprising of Prime Minister of India (who is the Chairman) and Minister of Home Affairs, approved the proposal made by Union Ministry of Home Affairs for appointing V.S. Kaumudi as Director General (ADG level) BPR&D by temporarily downgrading the DG post to level of Additional Director General (Level-15 of Pay Matrix)
- He will be succeeding IPS officer Sudeep Lakhtakia, a 1984 batch IPS officer.
- Term: His appointment as DG of BPR&D will be for a period of two years or until further orders, whichever is earlier.
About IPS V.S. Kaumudi
- He is a 1986 batch IPS officer of Andhra Pradesh cadre.
- At present she is serving as Additional Director General (ADG) in Central Reserve.
About Bureau of Police Research and Development
- BPRD was established in 1970 under the Union Ministry of Home Affairs (MHA).
- It is a federal law enforcement agency with headquarters in New Delhi.
- It is a national police organisation to study, research and develop (R&D) on subjects and issues related to policing for the purpose of modernisation of police forces.
- In 2017, Union government merged Bureau of Police Research and Development (BPRD) with National Crime Records Bureau (NCRB) for improving administrative efficiency and optimally utilising resources related to policing. This new merged entity is headed by Director General (DG) of BPRD, and NCRB Director, an Additional DG rank post will report to the former.
Tags: Additional Director General • Appointments Committee of the Cabinet • Director General of BPR&D • Director General of Bureau of Police Research and Development • IPS V.S. Kaumudi • Minister of Home Affairs • National Crime Records Bureau • Prime Minister of India • Sudeep Lakhtakia • Union Ministry of Home Affairs • V.S. Kaumudi