Governance
Context: Recently, the Food Safety and Standards Authority of India (FSSAI) notified FSSAI (Finance) Regulations, 2023.
About Food Safety and Standards Authority of India (FSSAI):
- It has been established under Food Safety and Standards , 2006 which consolidates various acts and orders that have hitherto handled food related issues in various Ministries and Departments.
- FSSAI has been created for laying down science based standards for articles of food and to regulate their manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption.
- Ministry of Health and Family Welfare, Government of India is the Administrative Ministry for the implementation of FSSAI.
- The Chairperson and Chief Executive Officer of Food Safety and Standards Authority of India (FSSAI) are appointed by Government of India.
- The Chairperson is in the rank of Secretary to Government of India.
- Headquarters: Delhi
About FSSAI (Finance) Regulations, 2023:
- Food Safety and Standards Authority of India Fund was established and will be audited by the Comptroller and Auditor General annually.
- The FSSAI shall maintain this Fund.
- Financial receipts will include grants made to the FSSAI by the Central government and sums realized by way of fees, penalties, and statutory charges.
- It establishes a Finance Committee.
- Composition of Financial Committee include:
- Chairman: Executive Director-Finance of FSSAI
- 2 members: nominated by the FSSAI
- A representative from the Ministry of Health and Family Welfare
- Established the Chief Financial Authority:
- He/she is the CEO of FSSAI.
- He will develop financial report formats and present it to the Finance Committee.
- It will outline the Authority’s financial and cash position, and adherence to the budget.
- The accounts of the Authority shall be audited by the Comptroller and Auditor-General of India or any other person appointed by them on their behalf annually.
Source: The Hindu
Previous Year Questions
Q.1) With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct? (2022)
- They can sell their own goods in addition to offering their platforms as market-places.
- The degree to which they can own big sellers on their platforms is limited.
Select the correct answer using the code given below:
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
Q.2) With reference to the ‘Banks Board Bureau (BBB)’, which of the following statements are correct? (2021)
- The Governor of RBI is the Chairman of BBB.
- BBB recommends for the selection of heads for Public Sector Banks.
- BBB helps the Public Sector Banks in developing strategies and capital raising plans.
Select the correct answer using the code given below:
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3