1. _________________ has set up a five-member committee to look into sale of fake degrees by certain universities, to be headed by Chairman DP Singh.
2. Central Vigilance Commission (CVC) formed a 4 member ____________________ (ABBF), to look into bank fraud cases of over 50 crore rupees. It will be headed by former Vigilance Commissioner T M Bhasin. ABBF was previously called as Advisory Board on Bank, Commercial and Financial Frauds.
- ABBF would function as first level of examination of all large fraud cases before recommending investigative agencies by PSBs.
3. Government constituted a 12-member selection panel for national sports awards, headed by SC judge (Retd) __________________.
- Panel including six-time world champion boxer M. C. Mary Kom and former football captain Bhaichung Bhutia.
- National sports awards will be given away on National Sports Day, August 29, the birth anniversary of hockey wizard Major Dhyan Chand. According to the Sports Ministry, it is a new idea of one selection committee for all the awards.
4. Government constituted a Group of Ministers (GoM) to look into issues concerning UTs of Jammu and Kashmir and Ladakh. 2 UTs will come into existence on _________________. GoM will comprise Ministers Ravi Shankar Prasad, Jitendra Singh, Thawar Chand Gehlot, Narendra Singh Tomar and Dharmendra Pradhan.
5. ________________, Secretary (Corporate Affairs) submited Report of High Level Committee on CSR to Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman.
- Committee made several recommendations, including making CSR expenditure tax deductible, provision for carry forward of unspent balance for a period of 3 – 5 years, aligning Schedule 7 with the SDGs by adopting a SDG plus framework, balancing local area preferences with national priorities etc.
- The High Level Committee on CSR was constituted in October 2018 under the Chairmanship of Secretary (Corporate Affairs) to review existing CSR framework and make recommendations on strengthening the CSR ecosystem.
6._____________ administration constituted 3 committees for devising modalities for functioning of proposed UTs of ____________ and Ladakh, dealing with financial matters and staff-related issues.
- K K Sharma Panel - To take necessary steps for transition from a state to proposed UT of _____________ by various departments and conduct of government business in proposed UT.
- Arun Kumar Mehta Panel - To deal with financial matters related to proposed UTs.
- Shaleen Kabra Panel - To suggest measures to be taken for providing staff to the proposed UT of Ladakh and any other issue related to staff of proposed UT of ______________.
7. National green tribunal formed a committee to examine the allegations of illegal sand mining in _________________ River.
8. Panel headed by CBDT member Akhilesh Ranjan submitted report to Finance Ministry, to replace Income Tax Act with a new Direct Tax Code(DTC).
- Idea to replace Income Tax (IT) Act ________________ was given by PM Narendra Modi in September 2017, stating that Income-Tax Act __________, had been drafted more than 50 years ago and needed a change.
9. RBI Task Force on Offshore Rupee Markets headed by _________________________ has recommended extension of onshore market hours to 9 am to 9 pm, from 9 am to 5 pm, to improve access of overseas users and allow Indian banks to freely offer prices to global clients around the clock.
- Panel was constituted in August 2018, amid sharp growth in offshore trading volumes in rupee Non-Deliverable Forward (NDF) (Offshore markets) market.
