Higher Education Funding Authority (HEFA): HEFA was set up in September 2016 to provide financial assistance to institutes of higher education in addition to given by Union Ministry of Human Resource Development. It is set up as a not-for-profit organisation and leverage funds from market and supplement them with donations and Corporate Social Responsibility funds. It is registered under the Companies Act, 2013 and has obtained license from RBI to act as a NBFC or Non-Banking Financial Companies. It was in news as it has recently approved projects of 6 higher education institutions to improve research infrastructure.
Food Safety and Standards Authority of India (FSSAI): FSSAI is a nodal statutory agency responsible for protecting and promoting public health in India through regulation and supervision of food safety. FSSAI has its origin under the Food Safety and Standards Act, 2006 and is placed under the Union Ministry of Health and Family welfare. It was in news recently as it has set guidelines for process to recall food products from markets if found unsafe.
Telecom Regulatory Authority of India (TRAI): TRAI is a statutory body formed in 1997 under the Telecom Regulatory Authority of India Act, 1997. It is responsible for regulation of telecom sector in India. Recently, TRAI was in news as it has given recommendations upholding net neutrality in India. The recommendation include prohibition of discrimination among websites on the basis of content, protection of rights of citizen to free internet, exemptions to content delivery networks besides setting up of a multi-stakeholder body to deploy ‘reasonable’ traffic management practices from time to time. Few days back US Federal Communication Commission has announced repealing of 2015 laws that aim at upholding principles of net neutrality.
15th Finance Commission: The Government has constituted the 15th Finance Commission with former Bureaucrat NK Singh as its chairperson. The other members on the board are Shaktikant Das, Anoop Singh, Dr Ramesh Chand and Dr Ashok Lahiri. The Commission has been given additional task of examining the implications of GST and impact of GST on state’s finances as well as a mechanism to compensate any loss to the states over next 5 years.
Prabhari Officers: The government has appointed Prabhari Officers for transforming 115 backward districts for rapid transformation by 2022 in line with PM Modi’s vision to create a ‘New India’ over the next five years. The Prabhari Officers were nominated from senior official rank of Additional Secretary and Joint Secretary. Prabhari Officers will assist District administration in sharing GoI’s vision of 2022 by ensuring convergence of efforts of central and state government.