write the function of BIS? In brifly
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The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986.[2] The Minister in charge of the Ministry or Department having administrative control of the BIS is the ex-officio President of the BIS.The organisation was formerly the Indian Standards Institution (ISI), set up under the Resolution of the then Department of Industries and Supplies No. 1 Std.(4)/45, dated 3 September 1946. The ISI was registered under the Societies Registration Act, 1860.
As a corporate body, it has 25 members drawn from Central or State Governments, industry, scientific and research institutions, and consumer organisations. Its headquarters are in New Delhi, with regional offices in Kolkata, Chennai, Mumbai, Chandigarh and Delhi and 20 branch offices. It also works as WTO-TBT enquiry point for India
As a corporate body, it has 25 members drawn from Central or State Governments, industry, scientific and research institutions, and consumer organisations. Its headquarters are in New Delhi, with regional offices in Kolkata, Chennai, Mumbai, Chandigarh and Delhi and 20 branch offices. It also works as WTO-TBT enquiry point for India
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The BIS research and statistics functions help meet the needs of monetary and supervisory authorities for data and policy insight.
The BIS banking function provides prime counterparty, agent and trustee services appropriate to the BIS mission.
Through its Financial Stability Institute (FSI), the BIS helps to foster a sound understanding of supervisory standards and practices globally and to assist in their implementation. The FSI helps to promote cross-sectoral and cross-border supervisory cooperation by facilitating policy discussions and the sharing of supervisory practices and experiences.
Cooperation with regional central bank groupings also helps to make information about BIS activities more widely known. This cooperation takes the form of participation in meetings by regional central bank groups and the organisation of ad hoc joint meetings or workshops.
The BIS banking function provides prime counterparty, agent and trustee services appropriate to the BIS mission.
Through its Financial Stability Institute (FSI), the BIS helps to foster a sound understanding of supervisory standards and practices globally and to assist in their implementation. The FSI helps to promote cross-sectoral and cross-border supervisory cooperation by facilitating policy discussions and the sharing of supervisory practices and experiences.
Cooperation with regional central bank groupings also helps to make information about BIS activities more widely known. This cooperation takes the form of participation in meetings by regional central bank groups and the organisation of ad hoc joint meetings or workshops.
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