📌 Chapter Snapshot
36+
Committees Covered
7
Thematic Categories
1973–2017
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) | Improved customer service — led to Banking Ombudsman Scheme (1995) |
| 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 (2005) | Financial inclusion & Lead Bank Scheme |
| Damodaran (2010) | Customer service and grievance redressal mechanisms |
| Usha Thorat (2011) | Higher capital norms (12%) for NBFCs, asset classification and provisioning |
| MV Nair (2011) | Priority sector lending guidelines |
| Urjit Patel (2013) | CPI-based monetary policy framework |
| Bimal Jalan (2013) | Recommended banking licenses for Bandhan Microfinance and IDFC |
| 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 |
| Rekhi (1991) | Indirect tax reforms |
| L. K. Jha (1997) | Indirect tax reforms |
| Rakesh Mohan (2001) | Financial sector & infrastructure reforms |
| Vijay Kelkar (III) (2003) | Review of economy under FRBM Act |
| Shome (2012) | GAAR (General Anti-Avoidance Rules) |
⚠ EXAM TRAP
Both Rekhi (1991) and L.K. Jha (1997) worked on indirect tax reforms — six years apart. Don't confuse which year belongs to which committee.
🌾 Agriculture & Rural Economy Committees
| Committee | Purpose / Objective |
|---|---|
| Dr. Mehta (1978) | Review of IRDP (Integrated Rural Development Programme) |
| Sushil Kumar (1980s) | Review of cotton cultivation in India |
| R. V. Gupta (1997) | Suggestions regarding agricultural credit |
| Abhijit Sen (2004) | Futures trading of agricultural commodities |
| V. S. Vyas (2004) | Expansion of credit in agriculture and rural areas |
| Swaminathan (2004–06) | Agricultural reforms & sustainability |
| Radhakrishna (2005) | Credit-related issues of farmers |
| Ashok Dalwai (2016) | Doubling farmers' income by 2022 |
📈 Monetary Policy & Inflation Committees
| Committee | Purpose / Objective |
|---|---|
| Chakravarti I (1985) | Review of monetary system |
| Chakravarti II (1985) | Reconsideration of monetary system |
| S. S. Tarapore (I) (1997) | Capital account convertibility |
| S. S. Tarapore (II) (2007) | Second review of capital account convertibility |
| Urjit Patel (2013) | CPI-based monetary policy framework |
⚠ EXAM TRAP
Tarapore I (1997) and Tarapore II (2007) — both by the same person, ten years apart, both on Capital Account Convertibility. Exam may ask "which came first" or "which year".
📊 Capital Market & Investment Committees
| Committee | Purpose / Objective |
|---|---|
| C. D. Parekh (1992) | Financing of infrastructure projects |
| Malhotra (1994) | Insurance sector reforms |
| Bimal Jalan (2013) | Capital market infrastructure, guidelines on stock exchanges |
| Arvind Mayaram (2014) | FDI classification |
| FPI Regulations Committee (2014) | Merged FII, QFI, and Sub-accounts into a single FPI category |
⚡ QUICK RECALL
Bimal Jalan headed TWO different 2013 committees — one on banking licenses (Bandhan, IDFC) and one on capital market infra/stock exchange guidelines.
💳 Financial Inclusion & Digital Payments Committees
| Committee | Purpose / Objective |
|---|---|
| Nandan Nilekani Task Force (2009) | Unique Identification Number (UID/Aadhaar) allocation |
| Nachiket Mor Committee (2013) | Financial inclusion & small banks |
| Nandan Nilekani (Digital) (2015) | Strengthening digital payments |
| Ratan Watal (2016) | Promote digital payments |
⚠ EXAM TRAP
Nandan Nilekani chaired two different committees six years apart: 2009 (UID/Aadhaar) and 2015 (Digital Payments) — don't merge them into one.
📋 Master Quick-Revision Table
| Committee | Purpose / Key Recommendation |
|---|---|
| Goiporia (1990) | Banking Ombudsman Scheme (1995) |
| 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 |
| Rekhi (1991) | 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) | Calorie → Nutritional based poverty basket |
| Rangarajan (2014) | Base year revised to 2011–12 |
| 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 (2007) | Second review of capital account convertibility |
| Urjit Patel (2013) | CPI-based monetary policy framework |
| Malhotra (1994) | Insurance sector reforms |
| Bimal Jalan (2013) | Capital market infra, stock exchange guidelines / banking licenses |
| Arvind Mayaram (2014) | FDI classification |
| FPI Regulations (2014) | Merged FII, QFI, Sub-accounts into FPI |
| Nachiket Mor (2013) | Financial inclusion & small banks |
| Nandan Nilekani TF (2009) | UID (Aadhaar) allocation |
| Nandan Nilekani Digital (2015) | Digital payments strengthening |
| Ratan Watal (2016) | Promote digital payments |
| PJ Nayak (2014) | Repeal Bank Nationalisation & SBI Acts, set up BIC |
| Khan (2005) | Financial inclusion & Lead Bank Scheme |
| Shome (2012) | GAAR — General Anti-Avoidance Rules |
| C. D. Parekh (1992) | Financing of infrastructure projects |