{"id":35591,"date":"2024-03-27T08:59:02","date_gmt":"2024-03-27T08:59:02","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=35591"},"modified":"2024-03-27T08:59:03","modified_gmt":"2024-03-27T08:59:03","slug":"ad-hoc-group-of-experts-age-report-upsc-economy-notes","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/","title":{"rendered":"Ad-hoc Group of Experts (AGE) Report &#8211; UPSC Economy Notes"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-economy?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Blog+Economy\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17.png\" alt=\"\" class=\"wp-image-42386\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/17-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>The Ad-hoc Group of Experts (AGE) Report serves as a comprehensive analysis and strategic roadmap crafted by a panel of specialized individuals convened for a particular purpose. This document represents the culmination of collaborative efforts from experts spanning diverse disciplines, pooling their knowledge and insights to address pressing issues or challenges. Characterized by its interdisciplinary approach, the AGE Report amalgamates research, data analysis, and expert opinion to provide valuable recommendations and actionable strategies. Serving as a catalyst for informed decision-making, the report not only synthesizes existing knowledge but also offers innovative perspectives and solutions to navigate complex problems in a rapidly evolving landscape. As a testament to collective expertise and dedication, the AGE Report stands as a testament to the power of collaboration and expertise in shaping policies, practices, and pathways towards a brighter future.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69e010b175df3\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e010b175df3\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Ad-hoc_Group_of_Experts_AGE_Report_on_Empowerment_of_Central_Public_Sector_Enterprises_CPSEs\" title=\"Ad-hoc Group of Experts (AGE) Report on Empowerment of Central Public Sector Enterprises (CPSEs):\">Ad-hoc Group of Experts (AGE) Report on Empowerment of Central Public Sector Enterprises (CPSEs):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Q_What_is_an_Ad-hoc_Group_of_Experts_AGE_Report\" title=\"Q: What is an Ad-hoc Group of Experts (AGE) Report?\">Q: What is an Ad-hoc Group of Experts (AGE) Report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Q_How_is_an_AGE_Report_different_from_other_reports\" title=\"Q: How is an AGE Report different from other reports?\">Q: How is an AGE Report different from other reports?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Q_Who_comprises_the_Ad-hoc_Group_of_Experts\" title=\"Q: Who comprises the Ad-hoc Group of Experts?\">Q: Who comprises the Ad-hoc Group of Experts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Q_What_are_the_key_components_of_an_AGE_Report\" title=\"Q: What are the key components of an AGE Report?\">Q: What are the key components of an AGE Report?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Q_How_are_AGE_Reports_utilized\" title=\"Q: How are AGE Reports utilized?\">Q: How are AGE Reports utilized?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#In_case_you_still_have_your_doubts_contact_us_on_9811333901\" title=\"In case you still have your doubts, contact us on 9811333901.&nbsp;\">In case you still have your doubts, contact us on 9811333901.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/ad-hoc-group-of-experts-age-report-upsc-economy-notes\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ad-hoc_Group_of_Experts_AGE_Report_on_Empowerment_of_Central_Public_Sector_Enterprises_CPSEs\"><\/span><strong>Ad-hoc Group of Experts (AGE) Report on Empowerment of Central Public Sector Enterprises (CPSEs):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Formation and Leadership:<\/strong><ul><li>The AGE was set up in 2004, with Arjun Sengupta leading the group of experts.<\/li><\/ul><\/li><li><strong>Recommendations in 2006:<\/strong><ul><li><strong>Greater Autonomy:<\/strong> The report recommended providing greater autonomy for public sector units.<\/li><li><strong>Independent Boards:<\/strong> Suggested that central PSUs should have truly independent boards empowered to make decisions on various aspects, including mergers, joint ventures, pricing, exports, appointments, selection of dealers, promotions, and employee transfers.<\/li><li><strong>Reduced Ministry Interference:<\/strong> Proposed that ministries should refrain from interfering in the functioning of PSUs under them. PSU managements should be accountable to the board rather than the ministry.<\/li><li><strong>Sector-Specific Supervision:<\/strong> Advocated for sector-specific supervisory boards for effective supervision, limiting ministry reviews to twice a year.<\/li><li><strong>Limited CAG Supplementary Audit:<\/strong> Recommended that supplementary audits by the Comptroller and Auditor General of India (CAG) for PSUs should be an exception rather than the rule, as it delays the publication of audited accounts required by SEBI.<\/li><li><strong>Reworking Accountability to Parliament:<\/strong> Called for reworking the accountability of PSUs to Parliament to prevent compromising sensitive trade data and impeding their functioning as commercial enterprises.<\/li><\/ul><\/li><li><strong>Government Response:<\/strong><ul><li>The government accepted some recommendations, particularly those related to enhancing the financial powers of Navratna, Miniratna, and other profit-making CPSEs.<\/li><li>Remaining recommendations on ownership issues, government company audits, constitutional aspects (Article 12), parliamentary accountability, vigilance, and CPSE management are under examination.<\/li><\/ul><\/li><\/ol>\n\n\n\n<p>The AGE Report aimed at empowering CPSEs by reducing bureaucratic interference, enhancing autonomy, and optimizing their commercial functioning. Implementation of these recommendations would contribute to a more efficient and independent public sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_is_an_Ad-hoc_Group_of_Experts_AGE_Report\"><\/span>Q: <strong>What is an Ad-hoc Group of Experts (AGE) Report?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An Ad-hoc Group of Experts (AGE) Report is a comprehensive analysis compiled by a specialized team convened for a specific purpose or issue. This group is assembled temporarily to address a particular problem, provide insights, and propose solutions based on their expertise.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_is_an_AGE_Report_different_from_other_reports\"><\/span>Q: <strong>How is an AGE Report different from other reports?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Unlike regular reports, an AGE Report involves the collaboration of experts from diverse fields, ensuring a multifaceted examination of the subject matter. The report typically offers innovative perspectives and recommendations tailored to the specific challenge or task at hand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_Who_comprises_the_Ad-hoc_Group_of_Experts\"><\/span>Q: <strong>Who comprises the Ad-hoc Group of Experts?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The AGE typically consists of seasoned professionals, scholars, researchers, and practitioners renowned in their respective domains. These experts are chosen based on their expertise relevant to the issue under consideration, ensuring a well-rounded evaluation and recommendations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_What_are_the_key_components_of_an_AGE_Report\"><\/span>Q: <strong>What are the key components of an AGE Report?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An AGE Report typically includes a thorough analysis of the problem, background information, methodologies employed, findings, conclusions, and recommendations. It may also incorporate case studies, statistical data, and expert opinions to bolster its credibility and relevance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q_How_are_AGE_Reports_utilized\"><\/span>Q: <strong>How are AGE Reports utilized?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>AGE Reports serve as valuable resources for policymakers, organizations, and stakeholders seeking informed strategies and decisions. These reports provide evidence-based insights and actionable recommendations, guiding initiatives, policy formulation, and problem-solving efforts in various fields ranging from public policy to scientific research and beyond.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-c6ab63ae-7083-4831-b519-cb89dacafb18\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_9811333901\"><\/span><strong>In case you still have your doubts, contact us on 9811333901.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"block-52c5a91b-6ed6-46e3-b781-7cc0c63a0b76\">For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p id=\"block-d014fe86-d628-49d8-82ce-6c60dc6e7a73\">For Daily Updates and Study Material:<\/p>\n\n\n\n<p id=\"block-38177954-e668-4d8d-b250-d0fbd5a09390\">Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-49ca2fe3-109f-4a88-b72e-9df49c3d328e\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-43ccddc1-5348-445f-ab6b-7baaf29fe58d\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The Ad-hoc Group of Experts (AGE) Report serves as a comprehensive analysis and strategic roadmap crafted by a panel of specialized individuals convened for a particular purpose. <\/p>\n","protected":false},"author":17,"featured_media":35595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[209],"tags":[2813,235,232,213,140],"class_list":["post-35591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-notes","tag-ad-hoc-group-of-experts","tag-economy-notes","tag-upsc","tag-upsc-notes","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=35591"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35591\/revisions"}],"predecessor-version":[{"id":35596,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/35591\/revisions\/35596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/35595"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=35591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=35591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=35591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}