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What is the meaning of statutory body?
an organization with the authority to check that the activities of a business or organization are legal and follow official rules: We hope the creation of a single new regulator will consolidate regulation of the whole industry in one statutory body.
Is NITI Aayog a statutory body?
NITI Aayog is not a statutory body. Hence its role is largely limited to making recommendations. It has no role in influencing public or private policy. It can only recommend long-term, policy changes but cannot influence or see their progress on the ground.
What is difference between statutory and non-statutory body?
Classification of Non-Constitutional Bodies Based on how the body derives its power, non-constitutional bodies can be broadly classified into two (1) Statutory Bodies (2) Non-Statutory Bodies. Statutory Bodies They get the power from a statute (ie an Act enacted by the Legislature).
What is statutory body and constitutional body Upsc?
Statutory bodies are established by an act of parliament whereas constitutional bodies are mentioned in the constitution and derive their powers from it.
Is Ncert is a statutory body?
The National Council of Educational Research and Training (NCERT) is an autonomous body established by the Indian government in 1961 but not by the act of parliament law. Its main function is to help and advise the central and state governments on policies and programs.
Why RBI is a statutory body?
Reserve Bank of India is a statutory body. RBI was established through Reserve Bank of India Act, 1935. RBI is not a constitutional body. Although RBI has considerable institutional independence, it is under the control of the Ministry of Finance, Government of India after it was nationalised in 1949.
What is the difference between constitutional and statutory body?
The major difference between a Statutory Body and a Constitutional Body is that constitutional bodies are provided with the assigned article in the constitution whereas the statutory body does not have the specific mention as the constitutional body.
What is the difference between statutory body and quasi judicial body?
Statutory Bodies are called ‘statutory’ since statutes are laws made by the Parliament or the legislature. A quasi-judicial body can be an individual or body with powers resembling a court of law.
What is a statutory body in Indian Constitution?
Statutory Bodies in India They are created by an Act of Parliament. They are called ‘statutory’ since statutes are laws made by the Parliament or the legislature. Since these bodies derive their power from statutes or laws made by the Parliament, they are known as statutory bodies.
What is not a statutory body?
Detailed Solution. The correct answer is NITI Aayog.