The four issues highlighted by the draft MoP are transparency in the appointment process, eligibility criteria, a permanent secretariat for the collegium and a process to evaluate and deal with complaints against candidates.
"Transparency remains the key as an opaque appointment system has drawn criticism," a senior government functionary said.
Gowda had recently written to them seeking their inputs within 15 days.
The final version of the draft is likely to be given to Chief Justice of India T S Thakur by Gowda in the coming days.
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As of now, there are two MOPs -- one dealing with appointment of Chief Justice of India and other judges of the Supreme Court and the other dealing with appointment of Chief Justices and other judges of high courts.
The draft MoP for appointment of members to the higher judiciary is being prepared after the Supreme Court struck down the National Judicial Appointments Commission (NJAC) Act on appointment of judges to the apex court and high courts.
While deciding on ways to improve the collegium system, the Supreme Court had recently left it to the law ministry to draft the MoP in consultation with CMs and chief justices of the 24 high courts.
Gowda had recently said that since the new law on appointment of judges has been struck down by the apex court, the draft MoP "will be our prayer to the apex court" to include certain issues to improve the system of judges' appointment making it more transparent.