Sub-Committee Current Affairs

CABE sub-committee recommends free education for girls up to PG level

The sub-committee of Central Advisory Board of Education (CABE) looking into issues of girl’s education has recommended free and compulsory education for girls up to post-graduate level across the country.

The sub-committee is likely to submit an interim report to Union Human Resource Development Ministry during CABE meeting on January 15, 2018.

Background

The meeting of sub-committee was held in Hyderabad, Telangana and was chaired by Kadiam Srihari, Deputy Chief Minister and Education Minister of Telangana. It was attended by Education Ministers of Telangana, Jharkhand and Assam and Special Human Resources Development (HRD) Department Special Secretary Rinarayi, Member Secretary Meenakshi Garg and other officials.

Key Outcomes of meeting

The sub-committee of CABE will also recommended establishing of exclusive residential degree colleges for SC/ST women besides provision of providing health and hygiene kits to girls. The committee also wants schools to maintain academic atmosphere, besides providing basic amenities like toilets, maintenance, running water, safety measures and power supply and also appoint a counsellor for adolescent girls.

Central Advisory Board of Education (CABE)

CABE is the policy making advisory body of the HRB Ministry. The committee has representatives of central organisation, universities, state and bodies including planning commission, NGOs and civic society. The CABE committee headed by HRD Minister is generally made for three years.

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FSDC Sub-Committee reviews financial events of country

The Sub-Committee of Financial Stability and Development Council (FSDC) reviewed major global and domestic developments that could impinge country’s financial stability. The sub-committee meeting was headed by Reserve Bank of India (RBI) Governor Urjit Patel.

Key Facts

Sub-Committee of the FSDC also discussed setting up of National Centre for Financial Education (NCFE), operationalisation of information utilities registered by the IBBI, sharing of data among regulators and implementation status of Legal Entity Identifier (LEI).

Besides, it also reviewed activities of its various technical groups as well as functioning of State Level Coordination Committees. Its recommendations on FinTech and digital innovations, shadow banking implementation group and Stewardship Code were also discussed.

Financial Stability and Development Council (FSDC)

FSDC is super regulatory body for regulating financial sector which is vital for bringing healthy and efficient financial system in the economy. Its mandate is to strengthen and institutionalise mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation of economy.

The Union Finance Minister is chairman of FSDC. Its members are heads of the financial sector regulatory authorities (i.e, RBI, SEBI, IRDA, PFRDA), Finance Secretary and/or Secretary, Department of Economic Affair; Secretary, Department of Financial Services, and Chief Economic Adviser.

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