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name the organisation set up after the passing of a special Act by the Parliament or legislative assembly . point out any five such organisations set up in india.
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name the organisation set up after the passing of a special Act by the...
Organisations set up after passing a special Act
- In India, several organisations are set up after the passing of a special Act by the Parliament or legislative assembly to address specific issues or functions. These organisations are usually established to regulate, govern, or oversee certain sectors or activities in the country.
Five such organisations in India
1. Securities and Exchange Board of India (SEBI): SEBI was established in 1988 under the SEBI Act to regulate the securities market in India and protect the interests of investors. It oversees the functioning of stock exchanges, brokers, and other intermediaries in the securities market.
2. Reserve Bank of India (RBI): RBI is the central banking institution in India established under the Reserve Bank of India Act, 1934. It regulates the monetary policy, issues currency, manages foreign exchange reserves, and supervises the banking sector in the country.
3. Insurance Regulatory and Development Authority of India (IRDAI): IRDAI was set up in 1999 under the IRDA Act to regulate and promote the insurance sector in India. It oversees the functioning of insurance companies, intermediaries, and other entities in the insurance industry.
4. Food Safety and Standards Authority of India (FSSAI): FSSAI was established in 2006 under the Food Safety and Standards Act to regulate and oversee the food safety standards in India. It sets standards for food products, licenses food businesses, and ensures the safety of food consumed by the public.
5. Central Electricity Regulatory Commission (CERC): CERC was formed in 1998 under the Electricity Regulatory Commissions Act to regulate the power sector in India. It sets tariffs, issues licenses, and resolves disputes in the electricity market to promote competition and efficiency.
- In India, several organisations are set up after the passing of a special Act by the Parliament or legislative assembly to address specific issues or functions. These organisations are usually established to regulate, govern, or oversee certain sectors or activities in the country.
Five such organisations in India
1. Securities and Exchange Board of India (SEBI): SEBI was established in 1988 under the SEBI Act to regulate the securities market in India and protect the interests of investors. It oversees the functioning of stock exchanges, brokers, and other intermediaries in the securities market.
2. Reserve Bank of India (RBI): RBI is the central banking institution in India established under the Reserve Bank of India Act, 1934. It regulates the monetary policy, issues currency, manages foreign exchange reserves, and supervises the banking sector in the country.
3. Insurance Regulatory and Development Authority of India (IRDAI): IRDAI was set up in 1999 under the IRDA Act to regulate and promote the insurance sector in India. It oversees the functioning of insurance companies, intermediaries, and other entities in the insurance industry.
4. Food Safety and Standards Authority of India (FSSAI): FSSAI was established in 2006 under the Food Safety and Standards Act to regulate and oversee the food safety standards in India. It sets standards for food products, licenses food businesses, and ensures the safety of food consumed by the public.
5. Central Electricity Regulatory Commission (CERC): CERC was formed in 1998 under the Electricity Regulatory Commissions Act to regulate the power sector in India. It sets tariffs, issues licenses, and resolves disputes in the electricity market to promote competition and efficiency.
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name the organisation set up after the passing of a special Act by the...
Public Corporation
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name the organisation set up after the passing of a special Act by the Parliament or legislative assembly . point out any five such organisations set up in india. Related: CBSE Class 11 Business Studies Sample Paper - 2
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