National Organizations by Dr. Gaurav Garg
Reserve Bank of India (RBI)
● It is India's central bank and regulatory body under the jurisdiction of Ministry of Finance,
Government of India.
● It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act,
1934.
● It is Headquartered in Mumbai.
● Following India's independence on 15 August 1947, the RBI was nationalized on 1 January 1949.
● Sir Osborne Smith was the first Governor of the Reserve Bank
Issue of currency
● For the printing of notes, RBI uses four facilities
● The Security Printing and Minting Corporation of India Limited (SPMCIL), a wholly owned company of the
Government of India, has printing presses at Nashik , Maharashtra and Dewas , Madhya Pradesh.
● The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), owned by the RBI, has printing facilities
in Mysore , Karnataka and Salboni , West Bengal.
● For the minting of coins , SPMCIL has four mints at Mumbai, Noida, Kolkata and Hyderabad for coin production
Securities and Exchange Board of India (SEBI)
● It is the regulatory body for securities and commodity market in India under the jurisdiction of
Ministry of Finance, Government of India.
● It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through
the SEBI Act, 1992.
● It is headquarted in Mumbai
● The SEBI is managed by its members, which consists of the following:
● The chairman is nominated by the Union Government of India.
● Two members, i.e., Officers from the Union Finance Ministry.
● One member from the Reserve Bank of India.
● The remaining five members are nominated by the Union Government of India, out of them at least three shall be
whole-time members.
Pension Fund Regulatory and Development Authority
● It is the regulatory body under the jurisdiction of Ministry of Finance , Government of India for
overall supervision and regulation of pension in India.
● On 23 August 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was
established through a resolution by the Government of India to promote, develop and regulate
pension sector in India.
● On 19 September 2013, the President, Pranab Mukherjee, gave his assent to Pension Fund Regulatory and
Development Authority Bill of 2013.
● This improved, foolproof and re-approved Bill, with the acceptance of all political parties in India, has replaced the
old and imperfect IPRDA Bill of 2003.
● Headquarters – New Delhi
● The Authority consists of a Chairperson and not more than six members, of whom at least three shall be whole-time
members, to be appointed by the Central Government.
National Bank for Agriculture and Rural Development (NABARD)
● It is an apex regulatory body for overall regulation and licensing of regional rural banks and apex
cooperative banks in India.
● NABARD was established on the recommendations of B.Sivaramman Committee on 12 July 1982 to
implement the National Bank for Agriculture and Rural Development Act 1981.
● It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank
of India, and Agricultural Refinance and Development Corporation (ARDC).
● NABARD has its head office at Mumbai.
Small Industries Development Bank of India
● It is the apex regulatory body in India for overall regulation and
licensing of microfinance institutions in India. It is under the
jurisdiction of Ministry of Finance
● It was established on 2 April 1990 , through an Act of Parliament
● It is headquartered in Lucknow.
● Its purpose is to provide refinance facilities and short-term lending to
industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME)
sector.
National Housing Bank
● It is the apex regulatory body for overall regulation and licensing of housing
finance companies in India.
● It is under the jurisdiction of the Ministry of Finance.
● It was set up on 9 July 1988 under the National Housing Bank Act, 1987.
● NHB is wholly owned by Govt. of India as after 24 April 2019 notification of RBI, which contributed the entire
paid-up capital.
● The Head office of NHB is at New Delhi .
Telecom Regulatory Authority of India
● It is a statutory body set up by the Government of India
● It was established on 20 February 1997 by an Act of Parliament to regulate telecom services and
tariffs in India
● It is headquartered in New Delhi
● The TRAI Act was amended by an ordinance, effective from 24 January 2000, establishing a
Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to take over the adjudicatory and disputes functions
from TRAI.
● It consists of a Chairperson and not more than two full-time members and not more than two part-time members
Food Safety and Standards Authority of India (FSSAI)
● It is a statutory body established under the Ministry of Health & Family Welfare
● FSSAI was established on 5 August 2011 under Food Safety and Standards Act, 2006.
● FSSAI is responsible for protecting and promoting public health through the regulation and
supervision of food safety.
● The FSSAI has its headquarters at New Delhi.
● The FSSAI consists of a chairperson & 22 members.
● FSSAI issues three types of license based on the nature of the food business and turnover:
○ Registration: For Turnover less than ₹12 Lakh
○ State License: For Turnover between ₹12 Lakh to ₹20 Crore
○ Central License: For Turnover above ₹20 Crore
● Other criteria like the location of the business, number of retail stores, etc. are needed while evaluating the nature of
the license application.
National Association of Software and Service Companies
● It is an Indian non-governmental trade association and advocacy group focused mainly on Information Technology
(IT) and Business Process Outsourcing (BPO) industry
● Established on 1 March 1988 ,
● NASSCOM is a non-profit organisation.
● NASSCOM organizes the Indian Leadership Forum.
● It is headquartered in New Delhi
Associated Chambers of Commerce and Industry of India
● It is a non-governmental trade association and advocacy group based in New Delhi, India.
● ASSOCHAM was established in 1920 by promoter chambers, representing all regions of
India.
● The Association's head office is located in New Delhi
● ASSOCHAM members represent the following sectors:
● Trade (national and international)
● Industry (domestic and international)
● Professionals (e.g., CAs, CMAs, lawyers, consultants)
Competition Commission of India
● It is the competition regulator in India. It is a statutory body of the
Government of India responsible for enforcing The Competition Act,
2002
● It was established on 14 October 2003 . It became fully functional in May 2009 with Dhanendra Kumar as its first
Chairman .
● It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain
competition, protect the interests of consumers and ensure freedom of trade in the markets of India
● HQ – New Delhi
Council of Scientific and Industrial Research
● The Council of Scientific and Industrial Research abbreviated as CSIR was established by the
Government of India on 26 September 1942 .
● Although it is mainly funded by the Ministry of Science and Technology, it operates as an
autonomous body through the Societies Registration Act, 1860
● It is headquartered in New Delhi
● The research and development activities of CSIR include aerospace engineering, structural
engineering, ocean sciences, life sciences, metallurgy, chemicals, mining, food, petroleum, leather, and
environmental science.
● Organisation Structure
○ President : Prime Minister (Ex-Officio)
○ Vice President : Minister of Science & Technology, India (Ex-Officio)
○ Governing Body : The Director General is the head of the governing body.
● The Shanti Swarup Bhatnagar Prize was established by CSIR in 1958.
● The prize is named after the Founder Director Shanti Swarup Bhatnagar.
Central Statistics Office
● It is a governmental agency in India under the Ministry of Statistics and Programme
Implementation.
● The CSO was set up in the cabinet secretariat on 2 May 1951 as a part of the cabinet
Secretariat and having co-ordinating and advisory functions.
● At that time the name of CSO was Central Statistical Institute. In 1954 the CSI merged with CSO and the new name
was Central Statistical Organization.
● Recently, for a third time its name changed and now it called as Central Statistics Office
● The CSO is located in Delhi.
● It is responsible for co-ordination of statistical activities in India, and evolving and maintaining statistical standards.
● Its activities include National Income Accounting; conduct of Annual Survey of Industries, Economic Censuses and
its follow up surveys.
0 Comments