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The **High Level Committee** chaired by Justice B.N. Srikrishna was constituted by the Central Government with what mandate, and when did it submit its report?
A{'text': 'To prepare a road map for reform of the income tax laws of India; report submitted on 30th July 2017 to the Government of India under any law in force', 'label': 'A'}
B{'text': 'To prepare a road map for making India a robust centre for institutional arbitration; report submitted on 30th July 2017', 'label': 'B'}
C{'text': 'To prepare a road map for reform of the labour laws of India; report submitted on 30th July 2017 to the Government of India under any law in force', 'label': 'C'}
D{'text': 'To prepare a road map for reform of the consumer protection laws of India; report submitted on 30th July 2017 to the Government under any law in force', 'label': 'D'}
Answer & Solution
Correct answer: B. {'text': 'To prepare a road map for making India a robust centre for institutional arbitration; report submitted on 30th July 2017', 'label': 'B'}
1. Lesson 13 explains: "the Central Government constituted a High Level Committee under the **Chairmanship of Justice B.N. Srikrishna**, Former Judge of the Supreme Court of India."
2. The terms of reference were to identify the roadblocks to the development of **institutional arbitration**, examine issues affecting the Indian arbitration landscape, and prepare a road map for making India a robust centre for institutional arbitration.
3. The Committee submitted its Report on **30th July 2017**.
4. The Committee's recommendations fed into the Arbitration and Conciliation (Amendment) Act, 2019.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 13 (Arbitration and Conciliation Act, 1996), pp. 297-303._
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