GS3 – Important committees
1 Indian Economy
PK Mohanty Committee: RBI proposals to shore up bank
boards.
KV Kamath Committee: Assess Covid related impact on bad
loans.
RBI committee:
RBI Deputy Governor Anand Sinha reported upon Pricing of
Credit. Bringing a benchmark floating interest rate, especially
for home loans.
HR Khan Committee:
1. proposed that banks should be allowed to pledge
corporate bonds as collateral to borrow funds from the
Reserve Bank’s overnight repo window.
2. RBI allows only government securities till now.
3. Proposed adoption of Blockchain Technology in banks.
3 Fiscal Issues
N.K. Singh committee: To review the FRBM Act, 2003.
1. Growing trend of off-budget spending.
2. Reduce fiscal deficit to less that 2% by 2022. Current
2.5%.
3. Reduce total government debt to 60%. 20% for states and
40% for centre.
Arvind Mayaram committee: to rationalize the definitions of
FII and FDI.
4 AGRICULTURE
Ashok Dalwai Committee: Reforms needed to double
farmer's incomes.
1. Relaxation of ExIm norms.
2. Pledge funds.
3. Upgradation of silos.
4. Negotiable warehouse receipts.
Arvind Subramanian Committee:
1. to tackle the shortage of pulses in India.
2. Recommended hike in MSP and Bonus on Pulses
production.
MS Swaminathan Committee: National Commission on
Farmers.
1. Assurance of basic resources.
2. Agriculture in concurrent list.
3. Prevention of diversion of agri land for non-agri uses.
4. Access to common property resources.
5. State level farmer's commission with farmers
representatives.
6. APMCs should serve an area of 80 km2. (Currently at 496
km2)
5 Food Security
Shanta Kumar Committee: High level committee on food
security. Look into restructuring of FCI.
Dharia committee: PDS refoms.
6 Railways
Bibek Debroy Committee: On mobilisation of resources for
major railway projects and restructuring of Rail Min. Rail
Development Authority.
Anil Kakodkar Committee: Railway reforms including safety,
organisation, Signalling, comms., HRD, education and training,
ecosystem concern, etc. Rashtriya Rail Sanraksha Kosh. Non
lapsable fund.
7 Investment Models
Kelkar Committee: on PPP restructuring.
8 Technology
Kris Gopalkrishnan Committee: On non-personal data. Three
major categories defined:
1. Public: census, SRS, NFHS.
2. Private: collected by proprietary software, generated by
individuals.
3. Community: from people living in a particular area.Also
suggested norms for data harvesting.
A.K Bhargava Committee: Net Neutrality.
Justice Shri Krishna Committee: on data protection bill.
1. Consent.
2. Correction.
3. Portability.
4. Right to be forgotten.
Amitabh Kant Committee:
1. Identifying various bottlenecks affecting access to digital
payments.
2. Review e-commerce rules.
Ratan Watal Committee: Review existing payment system in
the country and recommend for measures for more use of
digital payments.
1. BPSS (Board of payment and settlement system): Amend
PSS act 2007.
2. promote digital payment: providing incentives.
3. DIPAYAN: DIgital PAYment Action Network
9 Environment
Shailesh Nayak Committee: Review the Issues relating to the
Coastal Regulation Zone.
Anupam Varma Committee: Banning the use of 18 hazardous
Chitale committee: On desiltation of Ganga.
10 Internal Security
Biplab Kumar Sarma Committee: Look into implementation of
the Assam Accords.
Prakash Singh Committee: on structural reforms in policing to
prevent damage like caused during the Jat agitation.
11 Border Management
Madhukar Gupta committee: on Indo Pak border. CIBMS on
borders
12 Welfare Schemes for Vulnerable Sections
Justice Rohini Singh Committee: OBC subcategorization.
Dr. Mohini Giri report: on welfare of senior citizens.
13 Social Sector – Education
Kadiyam Srihari Committee: To look into issues of girls’
education.
14.Chakravarty committee: Worked on the monetary system
and suggested ways to improve the effectiveness of monetary
policy
Vaghul Committee: Examined the functioning of the banking
sector in India
Ajit Ranade Committee: Suggested measures for the
development of urban cooperative banks
PK Mohanty Committee: Related to RBI proposals to shore up
bank boards
KV Kamath Committee: Assessed the impact of COVID on bad
loans
HR Khan Committee: Proposed that banks be allowed to pledge
corporate bonds as collateral to borrow funds from the Reserve
Bank.
List of Economics Committees
Rangarajan Committee – Disinvestment
Narasimham committee – Financial sector reforms
Kelkar committee – Tax reform
Malhotra committee – Insurance reform
Abid Hussain committee – Small-scale industries
Basel committee – Banking supervision
Chakravarty committee – Working on the monetary
system and suggest measure for improving the effectiveness
of monetary policy in promoting economic development.
Deepak Parekh committee – To revive UTI
Hanumanth Rao committee – Fertiliser
Parikh committee infrastructure financing
Raja Chelliah Committee tax reform
Rekhi committee indirect taxes
Tandon committee – System of working capital financing
by banks
Tarapur committee – Capital account convertibility
Vaghul Committee – Money market in India
YV Reddy – Review of income tax rebates
Abhijit Sen committee – Long term food policy
Athreya committee – Restructuring of IDBI
Bhure Lal committee – Increase in motor vehicle tax
Bimal Julka committee – Working condition of ATCOs
CB Bhave committee – Company information
Chandrashekar committee – Venture capital
Chandrate committee -Delisting in share market
Chore committee – Review the operation of the cash credit
system
Dave committee – Pension scheme for unorganised sector
Dhanuka committee – Simplification of transfer rules in
securities market
GV Ramakrishna committee – On disinvestment
Goiporia Committee – Improvement in the customer
services at primary (urban) cooperative banks
JR Verma committee – Current account carry forward
practice
Janakiraman Committee – Securities transactions
JJ Irani committee – Company law reform
Khan working group – Development finance institution
Khusro committee – Agricultural credit system
Mahajan committee – Sugar industry
Malegam committee – Reforms in the primary market and
the repositioning of UTI
Marathe committee – Recommendation for urban
cooperative banks
Mashelkar committee – Auto fuel policy
Mckinsey Report – Merger of seven associate with SBI
Meera Seth committee – Developments of handlooms
Prasad panel – International trade and services
RV Gupta committee – Small savings agricultural credit
SP Talwar committee – Restructuring of week PSBs
S Tendulkar committee – Redefining poverty line and its
calculation formula
Sapta Rishi committee – Development of Domestic tea
industry
Shah committee – Reforms relating to NBFC
SL Kapoor committee – Credit and flow problem SSI
SN Verma Committee – Restructuring of commercial banks
Udesh Kohli committee – Analyse fund requirement and
power sector
UK Sharma committee – NABARDs Role in RRB
Vasu Dev committee – NBFC sector reform
K Kannan committee – Maximum permissible bank finance
Kumaramangalam Birla committee – Corporate
governance
NK Singh committee – Review of FRBM act
