Injeti Srinivas Committee Current Affairs
Union Finance Ministry has constituted nine-member Competition Law Review Committee to ensure that legislation is in tune with changing business environment. It will be chaired by chaired by Corporate Affairs Secretary Injeti Srinivas and includes Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo and Competition Commission of India (CCI) Chairperson as members. The committee was constituted in pursuance of Government’s objective of ensuring that legislation is in sync with needs of strong economic fundamentals.
Committee’s Terms of references
The committee will review competition regulations in view of changing business environment and suggest the necessary changes to strengthen and re-calibrate existing law to promote best practices. It will also look into international best practices in competition field with thrust on anti-trust laws, merger guidelines and handling cross-border competition issues. It will also study other regulatory regimes, institutional mechanisms and government policies which overlap with Competition Act. It will submit its report within three months of the date of its first meeting.
The Competition Act was passed in 2002 and Competition Commission of India (CCI) was set up in 2009. However, since inception of the commission, the size of the economy has grown immensely making it one of the fifth largest economies in the world. In this context, it was seen necessary to that Competition Law is strengthened and re-calibrated to promote best practices which result in the citizens of this country achieving their aspirations and value for money.
The Union Sports Ministry has constituted committee to frame comprehensive National Sports Development Code across sports disciplines. It will be headed by Injeti Srinivas, Sports Secretary.
The committee will study the existing sports governance frame work, issues relating to sports governance in the country, recent developments related to sports governance.
It will also study court judgments and international best practices and make recommendations on bringing out a comprehensive code across sports disciplines.
Members of the Committee: Abhinav Bindra (Olympian), Anju Bobby George (Olympian), Praksh Padukone, (eminent sports person), Narinder Batra (President, FIH), Nandan Kamath (Lawyer), Bishweshwar Nandi (Coach) and Vijay Lokpally (Sports Journalist).
Terms of reference of the Committee
- Identify basic universal principles of ethics and good governance based on the International Olympic Committee (IOC) Charter, international best practices.
- Study draft National Sports Development Bill, National Sports Development Code, 2011, Supreme Court and High Court judgments related to issues of good governance in administration of sports in country.
- Make specific recommendations for bringing out a comprehensive National Sports Code to address the issues of governance pertaining to the National Sports Federations and National Olympic Committee.