Nilesh Shah committee, recently seen in news, is related to:a)Promote investment funds at international financial services centres.b)Regulate medical education in India.c)Working of capital market infrastructure institutions (MIIs).d)None of the above.Correct answer is option 'A'. Can you explain this answer?

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Nilesh Shah committee, recently seen in news, is related to:

a)
Promote investment funds at international financial services centres.
b)
Regulate medical education in India.
c)
Working of capital market infrastructure institutions (MIIs).
d)
None of the above.

Correct answer is option 'A'. Can you explain this answer?

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Daily Current Affairs MCQ - May 26, 2021

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Nilesh Shah committee, recently seen in news, is related to:a)Promote ...

The International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee on Investment Funds to recommend to IFSCA on the road map for the funds industry in the International Financial Service Centres (IFSCs) in India.

The Committee has been constituted under the Chairmanship of Mr. Nilesh Shah, MD, Kotak Mahindra Asset Management Co. Ltd.
The Committee comprises of leaders from the entire Fund Management ecosystem including from areas such as technology, distribution, legal, compliance, and operations.

Terms of reference of the Expert Committee:

To recommend IFSCA on long term vision for operations of Investment Funds in IFSC.
To make recommendations with respect to structure of Investment Funds in IFSC.
To identify issues that may be critical for development of the Investment Funds industry at IFSCs including inter-regulatory issues.
Any other relevant item on building the ecosystem inter-alia on asset managers, hedge funds, PE, VC, sovereign funds, family offices, and the accompanying professional services.
Hence, option (a) is the correct answer.

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Nilesh Shah committee, recently seen in news, is related to:a)Promote investment funds at international financial services centres.b)Regulate medical education in India.c)Working of capital market infrastructure institutions (MIIs).d)None of the above.Correct answer is option 'A'. Can you explain this answer?

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