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Insurance in India has had a chequered history. Insurance companies have enjoyed rating freedom-Life prior to 1956 and Non - Life prior to 1973. The year 1956 and 1973 have been landmarks in the Insurance annals of the Country on account of Government's decision to nationalize Life Insurance business initially, followed by General Insurance. Though nationalization helped the country in generation of massive financial resources coupled with spread of message on insurance to various parts of the country, the intention of the Government to go in for reforms and globalization in the early nineties, paved the way for liberalization of insurance sector. Consequently, with the passing of insurance Regulatory and Development Authority Bill in 1999, the door was opened for private sector participation in insurance. Liberalization accelerates transformation of industry from Government monopoly to a competitive environment. Free markets allow for better resource allocation and create more opportunities for individual, the community, and the country. As in more developed economies, the long funds for investment in infrastructure come through insurance and pensions. In additions. Insurance also plays an important role in building a sustainable self-sufficient system of social security for the people of the country. Both life and non life insurances can be effective channels of community saving for productive future economic activities. In recognition of the important catalytic role that insurance will play in the country's economy the National Law University decided to set up a Centre for Insurance Studies in the Year 2000. The Centre is intended to cater to the managerial requirements of the insurance companies and its ever-developing intermediary channels. The penetration of insurance in the country being abysmally low, there is a dire need to produced young managers who can play an active and positive role in widespread dissemination of insurance products and services to the consumers. The center has developed a comprehensive curriculum for 2 years Post Graduate Degree Course comprising of five (05) semesters. It is proposed that the number of admissions will be limited to ten (10) students per academic year. The centre is also in constant communication with the Insurance industry and the other related companies so as to facilitate the absorption of the students as and when they pass out from the University. The center caries out research and consultancy in specific areas of insurance and reinsurance and provides training, orientation and refresher courses to both new and existing managers of insurance industry in insurance management.

Mr. K.N. Bhandari
Former Chairman cum CEO, New India Assurance Company. Insurance Consultant and Advisor. Former Chairman cum Managing Director, New India Assurance Company Limited. Former Director, General Insurance Company of India. Former Chairman, General Insurance (Public Sector) Association of India, General Insurance Council of India. Former Member - Tariff Advisory Committee.
Designation: Honorary Professor in Management & Insurance Studies.

Mr. H. Ansari
Former Member, Insurance Regulatory and Development Authority-India, Ex Chair Professor (General Insurance), National Insurance Academy, Pune, Former Member Tariff Advisory Committee and Ex-Director and General manager Oriental Insurance company. Has four decades of experience of industry.
Designation: Additional Director, Centre for Insurance Studies

Dr. R.K. Purohit
Ph.D. (Vety, Science), A.I.I.I. (Insurance Institute of India), Senior Divisional Manager, New India Assurance Co. Ltd. (on deputation)
Designation: Deputy Director, Centre for Insurance Studies

Mr. Suresh Kumar
Former Divisional Manager, National Insurance Company, Former Principal, RTC Rajasthan, Experience - Two decades of experience in industry
Designation: Deputy Director, Centre for Insurance Studies

Mr. S.N. Sharma
M.Com., F.F.I.I.
Former Senior Divisional Manager, United India Insurance Company, Former Principal, RTC, Rajasthan, Experience - Three decades of experience in industry
Designation: Deputy Director, Centre for Insurance Studies

The Centre for Studies in Banking and Financial Institutions (CSBFI) is a specialty professional consultancy group as an extended arm of the Universtiy to provide professional services to institutional clients like Governments, financial regulators, financial institutions and corporates. Mr. M.M. Mehta, former Chief General Manager of State Bank of India is Director. CSBFI is involved in studies in Management of Banking and Financial Institutions, Business Strategy, Risk Management and various financial sector legal reforms. This Center emphasizes on multi-disciplinary studies of financial sector from both legal and management perspective. CSBFI apart from carrying out research has conducted workshops for bank officers. One such workshop was conducted at RBI Staff Training College, Mumbai in the month of January 2002 on "Banking Fraud Management: Prevention, Investigation, and Security Arrangements". CSBFI has, in the past, undertaken and successfully completed a number of projects and these projects include:
  1. Financial fraud and regulatory mechanism to prevent, investigate prosecute and regulate financial fraud.
  2. Regulatory framework of lending instruments including rights and obligations of various parties connected therewith.
  3. Secured lending instruments and legal framework
  4. Securitization and regulatory framework
  5. Law relating to Lender's liability etc.

Mr. Madhav M. Mehta
B.A., LL.B., C.A.I.I.B
Former Chief General Manager, State Bank of India.
Designation: Director- Center for Studies in Banking, Investment and Finance.
Executive Faculty: Mr. K. Nagendra

CASL was established as the first Research Centre of the University in 2001. CSAL has been conceived and established to pave way for School of Agriculture and Law. CSAL proposes to take up research activities with an objective to develop a synergy of legal study and research with Agricultural Science study. Development of Laws relating to Agriculture and securing of the interest of farmers by developing and identifying legal instruments is the prime objective of CSAL. Since 2001 CSAL took up voluntary study of Government Policies relating to Agriculture. During 2001-2002 the Ministry of Agriculture, Government of India sought suggestions relating to legal reforms to incorporate contract framing under AMPC statues. Accordingly the Executive Faculty who presented views and suggestive reforms at Jaipur National Conference of Agricultural Secretaries of all the States in India on January 16-17-2002 carried out a detailed work. During 2002-2003 CSAL proposed reforms and development for establishing a Commodity Exchange Board of India on lines of SEBI to boost up agricultural growth and marketing of agricultural produces. During 2003-2004 CSAL has focused on working on feasibility to tie up with various other institutions imparting training and education in agriculture and matters having inputs of legal studies for example National Institute of Agricultural Business Management. In future, CSAL aims at developing independent working patterns and development of basic infrastructure. CSAL also aims at visualizing and creating legal instruments to develop, boost and proliferate Agricultural Produce marketing in India. In the realm of WTO governed system, CSAL accedes to its commitment to safeguard Indian Agricultural interests in International Trade and better farmers' right at the domestic level. Studies in relation to these matters are under the future plans. Furthermore. CSAL is currently preparing a draft course design, which can be offered to interested students, government officials etc who are working in the area of agriculture.
Executive Faculty: Mr. Sanjay Pandey

Center for Human Rights Education and Research (CHEAR) as an innovative endeavor of National Law University, Jodhpur, aiming at the accomplishment of multi dimensional objectives has marched progressively during 2004. Realizing that hitherto Human Rights Education in India had its focus on spreading information and creation of mass awareness CHEAR looked at it in a holistic manner to the Human Rights Education and creation of Human Rights conscience. Thus, CHEAR involved in establishing links with various State functionaries whose responsibility lies in the effective governance and in adequately safeguarding human rights through appropriate implementation mechanisms. CHEAR established interrelationships with reputed Non Governmental Organizations like "Amnesty International India"; "Global Rights; Partners for Justice," State functionaries like "Border Security Force, India" and organized a number of meaningful workshops taking into account the human right needs at different levels. In the days to come, CHEAR is determined to work on prestigious endeavors of sensitizing advocates and para legal personnel in gender related matters and developing Human Rights Lawyers at the grass root level. In this respect, CHEAR has already drawn a long scheduled program of offering Fellowships in association with "Global Rights: Partners for Justice" and make the effort of learning and developing intervention strategies more meaningful. CHEAR in addition to the earlier four day workshop namely "Human Rights Education: A Program to build Human Rights Conscience" involving cross sections of civil society representatives, police, prison officials, Border Security Force personnel and other State functionaries, has also organized two sensitization programs on "Campaigns against Violence against Women" in association with Amnesty International India. The major purpose of these workshops was to develop a dialogue and interaction between the Non Governmental Organizations and the young students of the University in the process of building a conscience amongst the budding lawyers towards Human Rights Education. Through its meaningful interaction with the officials of the Border Security Force, CHEAR endeavored to put forth the need for establishing credibility in the course of state actions for furthering the cause of human rights. In furtherance of this success CHEAR looks forward promisingly to work in close association with other NGOs to fulfill the aims and objectives of this centre.
Executive Faculty: Mr. V. Sheshaiah Shasthri

CENTER FOR WTO STUDIES (CWS) of National Law University established in August 2001 envisions building of capacity in human resource for serving academic research and strengthening regulatory framework aiming at better adaptation of WTO framework and international standards within the national capacity development. The Center vigorously undertakes research regarding international trade laws, multilateral trade negotiations and comparative trade policies of major trading nations with a special emphasis on the wider participation of the country in global trade participation. The Center has been conceived in the light of global development and India's needs towards greater participation in the world trade and to boost Indian economy. Since 1995, India had to suffer a lot on various vantage points due to lack of expertise in research in WTO studies. The center will cater to the needs of research and expertise building through its multifaceted structural framework. The Center has three pronged objectives, which are to be accomplished by 2005.

The first objective is to study the various WTO Agreements and its impact on developing countries with particular reference of India.

The second objective is to conduct Seminars and Workshops on various issues concerning WTO Agreements to sensitize the people concerned about the impact of obligations under these agreements on Indian economy and governance and also to develop and project better investment opportunities in furtherance of WTO Agreements.

Thirdly, the Center will transform itself into an institution of excellence in WTO studies developing necessary administrative practices and suggesting the changes needed in the domestic law and the strategies that the country should adopt in negotiating various issues arising under WTO agreements.

Director: Prof. A.K. Koul, (Vice Chancellor)

The Regional Economic groupings is a phenomenon, which dates back to 1956 with the establishment of European Coal and Steel Company. However, the integration of various economies under the regional economic grouping normally called Customs Unions and Free Trade Areas have achieved a unique distinction and a peculiar model which sometimes is being challenged as anti WTO/GATT rules. However, European Economic Commission with eighteen (18) of its members and likely to expand to twenty five (25) and the Free Trade agreement of the United States with Mexico and Canada (NAFTA) and the earlier experiences have given flip to other countries especially the developing countries to develop regional groupings or Free Trade Areas. The international legal dynamics of these Free Trade Areas have created a great stir as international trade is being subjected to regimentation and block politics. India is also in pursuit of developing a trade arrangement with its neighbors and beyond (ASEAN) common market of SAFTA and legal framework for all such endeavors needs a microscopic analysis. Therefore, the Centre for Regional Economic Grouping is conceived to understand and underpin the dynamics and future strategies and other methods so as to poise the economic interests within a legal framework of India.
Executive Faculty: Mr. Sanjay Pandey

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