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The TRAI, IRDA, Ministry of Civil aviation & NHAI

The TRAI, IRDA, Ministry of Civil aviation & NHAI

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Published by Neha Gulati

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Categories:Types, Research
Published by: Neha Gulati on Jan 05, 2011
Copyright:Attribution Non-commercial

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09/01/2013

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The Telecom Regulatory Authority of India
Act, 1997, as amended vide the TelecomRegulatory Authority of India (Amendment) Act, 2000, specifies that the Authority shall consistof a Chairperson and not more than two whole-time Members and not more than two part-time Members.TRAI's mission is to create and nurture conditions for growth of telecommunications in thecountry in a manner and at a pace which will enable India to play a leading role in emergingglobal information society.One of the main objectives of TRAI is to provide a fair and transparent policy environmentwhich promotes a level playing field and facilitates fair competition.In pursuance of above objective TRAI has issued from time to time a large number of regulations, orders and directives to deal with issues coming before it and provided therequired direction to the evolution of Indian telecom market from a Government ownedmonopoly to a multi operator multi service open competitive market.The directions, orders and regulations issued cover a wide range of subjects including tariff,interconnection and quality of service as well as governance of the Authority.
Insurance regulatory and development authority 
Composition of Authority under IRDA Act, 1999As per the section 4 of IRDA Act' 1999, Insurance Regulatory and Development Authority(IRDA, which was constituted by an act of parliament) specify the composition of AuthorityThe Authority is a ten member team consisting of (a) a Chairman;(b) five whole-time members;(c) four part-time members,(all appointed by the Government of India)Duties,Powers and Functions of IRDASection 14 of IRDA Act, 1999 laysdown the duties,powers and functions of IRDA..(1)Subject to the provisions of this Act and any other law for the time being in force, the Authorityshall have the duty to regulate, promote and ensure orderly growth of the insurance businessand re-insurance business.(2) Without prejudice to the generality of the provisions contained in sub-section (1), the
 
powers and functions of the Authority shall include, -(a) issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such registration;(b) protection of the interests of the policy holders in matters concerning assigning of policy, nomination by policy holders, insurable interest, settlement of insurance claim,surrender value of policy and other terms and conditions of contracts of insurance;(c) specifying requisite qualifications, code of conduct and practical training for intermediaryor insurance intermediaries and agents;(d) specifying the code of conduct for surveyors and loss assessors;(e) promoting efficiency in the conduct of insurance business;(f) promoting and regulating professional organisations connected with the insurance andre-insurance business;(g) levying fees and other charges for carrying out the purposes of this Act;(h) calling for information from, undertaking inspection of, conducting enquiries andinvestigations including audit of the insurers, intermediaries, insurance intermediaries andother organisations connected with the insurance business;(i) control and regulation of the rates, advantages, terms and conditions that may be offeredby insurers in respect of general insurance business not so controlled and regulated by theTariff Advisory Committee under section 64U of the Insurance Act, 1938 (4 of 1938);(j) specifying the form and manner in which books of account shall be maintained andstatement of accounts shall be rendered by insurers and other insurance intermediaries;(k) regulating investment of funds by insurance companies;(l) regulating maintenance of margin of solvency;(m) adjudication of disputes between insurers and intermediaries or insuranceintermediaries;(n) supervising the functioning of the Tariff Advisory Committee;(o) specifying the percentage of premium income of the insurer to finance schemes for promoting and regulating professional organisations referred to in clause (f);(p) specifying the percentage of life insurance business and general insurance business tobe undertaken by the insurer in the rural or social sector; and(q) exercising such other powers as may be prescribed3.
ministry of civil aviation
ORGANISATIONAL SETUPMinistry of Civil Aviation, located at Rajiv Gandhi Bhavan, Safdarjung Airport, New Delhi110003, India, is the nodal Ministry responsible for the formulation of national policies andprogrammes for development and regulation of Civil Aviation and for devising andimplementing schemes for the orderly growth and expansion of civil air transport. Its functionsalso extend to overseeing airport facilities, air traffic services and carriage of passengers andgoods by air. The Ministry also administers implementation of the Aircraft Act, 1934 and isadministratively responsible for the Commission of Railways Safety, a statutory body set upunder The Indian Railways Act.Composition of the MinistryThe Secretary is the head of the Ministry and is assisted by one Additional Secretary &Financial Adviser, three Joint Secretaries, seven officers of the level of Director / Deputy

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