Current Affairs Nov 2015 - Various Committees

News 1 - Bankruptcy Law Reforms Committee submitted its report

Dr. T K Viswanathan committee on the Bankruptcy Law Reforms submitted its report to the Union Ministry of Finance. The draft Bill has consolidated the existing laws relating to insolvency of companies, limited liability entities, unlimited liability partnerships and individuals, which are presently scattered in a number of legislations, into a single legislation. This committee was formed by the government to introduce an entrepreneur-friendly legal bankruptcy framework in order to improve the ease of doing business.

News 2 - Empowered Committee constituted by the Central Government to approve schemes under the Nirbhaya Fund

The Union Government constituted an Empowered Committee, which consists of officials from various ministries, including Women and Child Development, Home Affairs, Road Transport and Railways, to approve schemes suggested under the Nirbhaya Fund. The Secretary of the Women and Child Development Ministry will be the chairperson of the committee. The Nirbhaya Fund has a total of 3000 crore rupees.

News 3 - Independent Commission on Doping in Sports chaired by Richard Proud submitted its report to WADA

An Independent Commission (IC) on doping in sports chaired by Richard Proud submitted its report to the World Anti-Doping Agency (WADA). The IC was launched by WADA in December 2014 to investigate the validity of allegations of doping practices, corrupt practices around sample collection, results management, etc. that implicates Russian Government agencies, labs, athletes, coaches among others. The allegations were based on a documentary titled, Top Secret Doping: How Russia makes its Winners that was aired by the German television channel ARD.