Sudarshan Sen Committee

Why in news?

• Sudarshan Sen Committee to study the working of asset reconstruction companies (ARCs) bas been set up.

About the committee:

• It will undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and recommend suitable measures for enabling them to meet the growing requirements.
• The six-member committee will be headed by Sudarshan Sen, former executive director, Reserve Bank of India (RBI).
• As per the terms of reference of the committee, the panel will review the existing legal and regulatory framework applicable to ARCs and recommend measures to improve efficacy of ARCs.
• It will also review the role of ARCs in the resolution of stressed assets, including under the Insolvency and Bankruptcy Code (IBC), and give suggestions for improving liquidity in and trading of security receipts.
• The committee is expected to submit its report within three months from the date of its first meeting,

Prelims Question

Sudarshan Sen committee recently in news is related to:
(a)Health Infrastructure
(b)Banking Sector
(c)Railway Safety
(d)Environment conservation

Answer to Prelims question