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L & L Partners Managing Partner Rajiv K Luthra has been appointed as a member in two High-Level Committees constituted by the Central Government.
The first one is the High-Level Committee (HLC) on Corporate Social Responsibility constituted by the Ministry of Corporate Affairs and the second one being the High-Level Advisory Group for Trade (HLAG) constituted by the Ministry of Commerce and Industry.
Both groups were constituted on September 28, 2018, and while HLC has been given three months to submit its findings, the HLAG has been given two months.
Terms of reference of the HLC include a review of the existing CSR framework, recommendations for enforcement of CSR provisions, monitoring and evaluation of CSR, examination and recommendations for CSR audit and other incidental matters. The Indian Institute of Corporate Affairs and Institute of Company Secretaries of India will render technical and secretarial assistance to the HLC.
Some of the other industry-leading stalwarts who form part of the HLC include Mr. N. Chandrasekharan – Chairman, Tata Sons; Mr. Amit Chandra – MD, Bain Capital Private Equity; Mr. P. S. Narsimha – Additional Solicitor General; Ms. Shobha Kamineni – Executive Vice Chairperson, Apollo Hospitals Enterprises Limited.
Terms of reference of the HLAG “are to examine the prevailing international trade dynamics, including, but not confined to, the rising protectionist tendencies, especially on the part of major economies, non-engagement by some countries on outstanding trade negotiation issues and commitments, including the Doha Development Agenda, and their insistence on pursuing negotiating mandates, in many cases prematurely and without efforts, to build consensus and common understanding.”
The HLAG may further consider possible approaches and suggest a pragmatic framework for India’s future engagement in international trade, and the manner in which it can play a proactive and constructive role in working with the community of Nations in exploring and building consensus on resolving emergent trade-related issues.