📌 Chapter Snapshot
36+
Committees Covered
7
Thematic Categories
1973–2019
Time Span
- This chapter compiles major Government of India & RBI committees frequently asked as "committee-recommendation" matching questions in BPSC/BSSC.
- Grouped thematically: Banking Reform, Taxation & Fiscal Reforms, Social Sector & Poverty, Agriculture & Rural Economy, Monetary Policy & Inflation, Capital Market & Investments, and Financial Inclusion & Digital.
- Focus on matching the committee name → chairperson-linked scheme/recommendation, since dates and names are commonly swapped in MCQs.
⚡ QUICK RECALL
Many committees share chairpersons across years — e.g. Urjit Patel (2013) appears under both Banking Reform & Monetary Policy for the CPI-based monetary policy framework.
🏦 Banking Reform Committees
| Committee | Purpose / Objective |
|---|---|
| Goiporia (1990) | Bank customer service: service standards, complaint handling and operational improvements |
| Narasimhan Committee I (1991) | 4-tier banking structure, quasi-autonomous supervisory body, asset classification, Asset Reconstruction Fund |
| Narasimhan Committee II (1998) | Bank mergers for strength, narrow banking for weak banks, review of banking laws |
| Khan (1997) | Harmonising banks and development financial institutions; universal banking and appropriate consolidation |
| Damodaran (2010) | Customer service and grievance redressal mechanisms |
| Usha Thorat (2011) | NBFC regulatory/supervisory framework: stronger capital, provisioning, asset classification and governance |
| MV Nair (2011) | Priority sector lending guidelines |
| Urjit Patel (2013) | CPI-based monetary policy framework |
| Bimal Jalan (2013) | Evaluated new-bank applications; RBI granted in-principle approvals to IDFC and Bandhan in 2014 |
| PJ Nayak (2014) | Repeal Bank Nationalisation Act & SBI Acts, set up Bank Investment Company (BIC) |
| Arun Jaitley (2017) | Merger of public sector banks |
⚠ EXAM TRAP
Narasimhan I (1991) recommended a 4-tier banking structure; Narasimhan II (1998) focused on bank mergers & narrow banking — exams frequently swap which committee did what.
💰 Taxation & Fiscal Reforms Committees
| Committee | Purpose / Objective |
|---|---|
| Raja Chelliah (1991) | Comprehensive tax reforms |
| K. L. Rekhi (1992) | Indirect tax reforms |
| L. K. Jha (1976–78) | Indirect tax reforms |
| Rakesh Mohan (2001) | Restructuring, modernisation, commercial orientation and financial revival of Indian Railways |
| Vijay Kelkar Tax Task Forces (2002) | Simplification/rationalisation of direct and indirect taxes; wider bases, fewer exemptions, better administration; reports December 2002 |
| Shome (2012) | GAAR (General Anti-Avoidance Rules) |
⚠ EXAM TRAP
L.K. Jha Indirect Taxation Enquiry Committee: 1976–78. K.L. Rekhi committee: constituted 1992 for Customs/Central Excise simplification. Kelkar tax task-force reports: December 2002.
🌾 Agriculture & Rural Economy Committees
| Committee | Purpose / Objective |
|---|---|
| D. R. Mehta (1993) | Review of IRDP (Integrated Rural Development Programme) |
| G. V. K. Rao (1985) | Rural-development/poverty-alleviation administration and stronger district-level institutions |
| R. V. Gupta (1997) | Suggestions regarding agricultural credit |
| Abhijit Sen (2007–08) | Futures trading of agricultural commodities |
| V. S. Vyas (2004) | Expansion of credit in agriculture and rural areas |
| Swaminathan (2004–06) | Agricultural reforms & sustainability |
| R. Radhakrishna (2006–07) | Agricultural indebtedness: financial inclusion, risk mitigation and institutional credit access |
| Ashok Dalwai (2016) | Doubling farmers' income by 2022 |
📈 Monetary Policy & Inflation Committees
| Committee | Purpose / Objective |
|---|---|
| Sukhamoy Chakravarty (report 1985) | Review of monetary system; monetary targeting with feedback linked to expected output growth and tolerable inflation |
| S. S. Tarapore (I) (1997) | Capital account convertibility |
| S. S. Tarapore (II) (2006) | Second review of capital account convertibility |
| Urjit Patel (2013) | CPI-based monetary policy framework |
⚠ EXAM TRAP
Tarapore I: 1997; Tarapore II: 2006. Both addressed phased/fuller capital-account convertibility with sequencing, safeguards and macro-financial preconditions.
📊 Capital Market & Investment Committees
| Committee | Purpose / Objective |
|---|---|
| Deepak Parekh (report 2007) | Long-term infrastructure finance, deeper debt markets and institutional-investor participation |
| Malhotra (1994) | Insurance sector reforms |
| Bimal Jalan (2010) | Ownership, governance, listing and regulatory-business conflicts in market infrastructure institutions |
| Arvind Mayaram (2014) | FDI classification |
| K. M. Chandrasekhar Committee (2013) | Merged FII, QFI, and Sub-accounts into a single FPI category |
⚡ QUICK RECALL
Bimal Jalan: market-infrastructure institutions committee in 2010; new-bank licensing advisory committee in 2013–14. IDFC/Bandhan in-principle approvals were granted by RBI in 2014.
💳 Financial Inclusion & Digital Payments Committees
| Committee | Purpose / Objective |
|---|---|
| Nandan Nilekani, UIDAI Chairman (2009) | Appointed UIDAI Chairman in July 2009 to lead implementation of the Aadhaar project |
| Nachiket Mor Committee (2013) | Financial inclusion & small banks |
| Nandan Nilekani Digital Payments Committee (2019) | Strengthening digital payments |
| Ratan Watal (2016) | Promote digital payments |
⚠ EXAM TRAP
Nilekani: UIDAI Chairman from July 2009; High-Level Committee on Deepening of Digital Payments in 2019. Do not label the payments committee as 2015.
📋 Master Quick-Revision Table
| Committee | Purpose / Key Recommendation |
|---|---|
| Goiporia (1990) | Improving bank customer service and complaint handling |
| Narasimhan I (1991) | 4-tier banking, Asset Reconstruction Fund |
| Narasimhan II (1998) | Bank mergers, narrow banking for weak banks |
| Raja Chelliah (1991) | Comprehensive tax reforms |
| K. L. Rekhi (1992) | Indirect tax reforms |
| Bhagwati (1973) | Unemployment estimation |
| YK Alagh (1979) | Poverty measurement by calorie consumed |
| DT Lakdawala (1993) | State-specific poverty line (CPI-AL/CPI-IW) |
| Tendulkar (2009) | Uniform urban reference basket; health/education costs; moved away from direct calorie anchoring |
| Rangarajan (2014) | New normative food/non-food poverty methodology; higher 2011–12 poverty lines |
| R. V. Gupta (1997) | Agricultural credit suggestions |
| Swaminathan (2004–06) | Agricultural reforms & sustainability |
| Ashok Dalwai (2016) | Doubling farmers' income by 2022 |
| S. S. Tarapore I (1997) | Capital account convertibility |
| S. S. Tarapore II (2006) | Second review of capital account convertibility |
| Urjit Patel (2013) | CPI-based monetary policy framework |
| Malhotra (1994) | Insurance sector reforms |
| Bimal Jalan (2010; 2013–14) | 2010: market infrastructure; 2013–14: new-bank licensing advisory review |
| Arvind Mayaram (2014) | FDI classification |
| Chandrasekhar (2013) → FPI Regulations (2014) | Merged FII, QFI, Sub-accounts into FPI |
| Nachiket Mor (2013) | Financial inclusion & small banks |
| Nandan Nilekani, UIDAI Chairman (2009) | UID (Aadhaar) allocation |
| Nandan Nilekani Digital (2019) | Digital payments strengthening |
| Ratan Watal (2016) | Promote digital payments |
| PJ Nayak (2014) | Repeal Bank Nationalisation & SBI Acts, set up BIC |
| Khan (1997) | Harmonising banks and development financial institutions; universal banking and appropriate consolidation |
| Shome (2012) | GAAR — General Anti-Avoidance Rules |
| Deepak Parekh (report 2007) | Long-term infrastructure finance, deeper debt markets and institutional-investor participation |