In exercise of the powers conferred by Sub Clause i of Clause e of sub section 1 of Section 6 of the Export Import Bank of India Act

Okay, I understand. Based on the provided government policy text, here's the policy analysis report: **Policy Analysis Report: Nomination of Director to Export-Import Bank of India** **1. Executive Summary:** This report analyzes a notification from the Ministry of Finance, Department of Financial Services, regarding the nomination of a Director to the Board of Directors of the Export-Import Bank of India (Exim Bank). The notification, dated February 8, 2021, announces the appointment of Shri Amitabh Kumar, Joint Secretary, Department of Commerce, as a Director, replacing Shri Bidyut Behari Swain. This is an amendment to the composition of the Exim Bank's Board. **2. Introduction:** This report aims to provide a comprehensive analysis of the government notification S.O. 571(E), dated February 8, 2021, concerning a change in the Board of Directors of the Export-Import Bank of India (Exim Bank). The analysis is based solely on the information contained within the provided text. **3. Policy Overview:** * **Amendment:** This notification constitutes an amendment to the existing governance structure of the Export-Import Bank of India. It amends the composition of the board of directors. * **Core Objective(s):** The objective, as inferred from the text, is to ensure effective governance and representation on the Board of Directors of the Export-Import Bank of India by appointing a new Director. **4. Background and Rationale:** This notification amends the composition of the Exim Bank's board. The likely reason for this specific amendment is to replace a previous director (Shri Bidyut Behari Swain) with a new one (Shri Amitabh Kumar) to ensure the board's continued operation and effectiveness. This replacement likely reflects personnel changes within the government or a strategic decision to bring different expertise to the board. **5. Key Provisions / Changes:** * **Specific Part of Original Policy Being Changed:** The notification directly changes the composition of the Board of Directors of the Export-Import Bank of India. * **New Rule/Provision:** Shri Amitabh Kumar, Joint Secretary, Department of Commerce, is nominated as a Director on the Board of Directors of Exim Bank, replacing Shri Bidyut Behari Swain, with immediate effect and until further orders. * **Difference/Effect of this Change:** This change ensures continued representation from the Department of Commerce on the Exim Bank's board. It brings in a new individual with (presumably) relevant experience and perspective to contribute to the bank's strategic direction and operations. **6. Target Audience and Stakeholders:** Based on the provided text, the primary stakeholders directly affected by this change are: * **The Export-Import Bank of India (Exim Bank):** The institution itself experiences a change in its board's composition. * **The Board of Directors of Exim Bank:** The board welcomes a new member and bids farewell to another. * **Shri Amitabh Kumar:** The newly appointed director. * **Shri Bidyut Behari Swain:** The replaced director. * **Department of Commerce:** The department is now represented on the board by Shri Amitabh Kumar. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Ministry of Finance (Department of Financial Services) is responsible for issuing the notification and implementing the change. The Exim Bank is responsible for accommodating the change in its board structure. * **Timelines or Procedures:** The change is effective immediately upon the notification's issuance (February 8, 2021) and continues until further orders. No specific procedures are outlined in the text beyond the nomination itself. * **Amendment Specific Implementation:** The Exim Bank will need to update its records to reflect the change in board membership. Shri Amitabh Kumar will need to be integrated into the board's operations. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this change is to maintain a fully functional and effective Board of Directors at the Exim Bank. This ensures that the bank can continue to fulfill its mandate of supporting and promoting India's international trade. The impact of the change hinges on the skills, experience, and contributions of the new director. **9. Conclusion:** The notification S.O. 571(E) represents a routine but important administrative update to the composition of the Export-Import Bank of India's Board of Directors. It reflects the government's ongoing attention to the bank's governance structure and its commitment to ensuring effective leadership. While the provided text is limited, it highlights the process of director nomination and the importance of maintaining a functional board for key financial institutions.

Key Entities Referenced