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Regulatory Bodies Part 5 SIVA PRASAD
About Me . Bachelors and Masters in Physics from Indian Institute of Science (ISc), Bangalore .INSPIRE Scholar, DST Govt. of India Interested in Physics, current affairs, economics.... . Physicist, Blogger, Teacher.... Wrote UPSC CSE Mains 2017 Research Publication in Journal of Applied Physics
DGCA Directorate General of Civil Aviation (DGCA) is the regulatory body in the field of civil aviation. It is responsible for: Regulation of air transport services to/from and within India Licensing of pilots, aircraft maintenance engineers and monitoring of flight crew standards Registration of civil aircraft Laying down airworthiness requirements for civil aircraft registered in India and granting of certificate of airworthiness to such aircraft Licensing of aerodromes and air carriers Safety, oversight and surveillance of air carriers and aerodromes
Bar Council of India . The Bar Council of India (BCI) is a statutory body constituted under the Advocates Act, 1961 to regulate and represent the Indian bar. . The Bar Council of India consists of members elected from each State Bar Council, and the Attorney General of India and the Solicitor General of India are ex-officio members. . The members from the State Bar Councils are elected for a period of five years. . The Council elects its own Chairman and Vice-Chairman for a period of two years from amongst its members.
Bar Council of India functions To lay down standards of professional conduct and etiquette for advocates To safeguard the rights, privileges and interests of advocates. . To promote and support law reform. To promote legal education and to lay down standards of legal education . To recognise universities whose degree in law shall be a qualification for enrolment as an advocate. To organise legal aid to the poor. To recognise on a reciprocal basis, the foreign qualifications in law obtained outside India for the purpose of admission as an advocate in India.
UGC . The University Grants Commission (UGC) is a statutory body established under the University Grants Commission Act, 1956. Functions . Promoting and coordinating university education. Determining and maintaining standards of teaching, examination and research in universities. Framing regulations on minimum standards of education. Monitoring developments in the field of collegiate and university education; disbursing grants to the universities and colleges. [Current Affairs - HEFA] Serving as a vital link between the Union and state governments and institutions of higher learning. . Advising the Central and state governments on the measures necessary for improvement of university education
FSDC .Set up with the objective of strengthening and institutionalising the mechanism for maintaining financial stability and development, the Financial Stability and Development Council (FSDC) was set up as the apex level forum in 2010 The Chairman of the Council is the Finance Minister and its members include the heads of financial sector Regulators (RBI, SEBI, PFRDA, IRDA & FMC); . Finance Secretary and/or Secretary, Department of Economic Affairs; . Secretary, Department of Financial Services, and Chief Economic Adviser.
FSDC Functions Financial stability Financial sector development Inter-regulatory coordination Financial literacy . Financial inclusion Macro prudential supervision of the economy including the functioning of large financial conglomerates . Coordinating India's international interface with financial sector bodies like the Financial Action Task Force (FATF), Financial Stability Board (FSB) and any other such body . Any other matter relating to the financial sector stability and development