Important committee

 

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	Direct & Indirect Tax Reforms	Continuation of tax reforms; suggested GST-type system.
Tarapore Committee	1997 & 2006	Capital Account Convertibility	Recommended phased convertibility of rupee on capital account.
T. Tiwari Committee	1980s	Sick Industries (Small Scale)	Studied causes and remedies for industrial sickness in small industries.
R. C. Bhargava Committee	1990s	Public Sector Enterprises	Revival and restructuring of sick PSUs.
Abid Hussain Committee	1984	Small Scale Industries	Reform and modernization of small industries.
Vijay Kelkar (FRBM)	2004	Fiscal Responsibility	Improve fiscal discipline; roadmap for deficit reduction.
Rangarajan Committee	1991	Balance of Payments	Suggested measures to correct BoP crisis and supported liberalization.
S. V. Sohoni Committee	1978	Administrative Reforms	Simplification in procedures and better coordination.
Sivaraman Committee	1992	Agricultural Credit	Strengthen rural credit institutions and NABARD's role.
A. Ghosh Committee	1991	NPAs in Banks	Guidelines for recovery and management of bad loans.
Chakravarty Committee	1985	Monetary Policy	Improve credit planning; focus on money supply control.
Urjit Patel Committee	2014	Monetary Policy Framework	Recommended inflation targeting by RBI.
Raghuram Rajan Committee	2008	Financial Sector Reforms	Focus on inclusion and financial market development.

Tip: Memorise by sector — e.g. Insurance = Malhotra, Banking = Narasimham, Tax = Chelliah/Kelkar.