Important committee
Important Economic Committees of India — Exam Notes Important Economic Committees of India — Exam Notes Compact table of committees, year, sector and key recommendations — useful for quick revision. Committee / Commission Year Area / Sector Key Recommendations / Purpose Narasimham Committee I & II 1991 & 1998 Banking Reforms Strengthen banking sector, reduce NPAs, recapitalization of banks, prudential norms. R. N. Malhotra Committee 1993 Insurance Sector Open insurance to private sector; recommended establishment of IRDA. Raja Chelliah Committee 1991–93 Tax Reforms Simplify direct taxes, reduce rates, broaden tax base. Kelkar Committee 2002 Dir...