List of Important Financial Committees and Its Functions- GK Updates

    List of Important Financial Committees and Its Functions:
    The List of important Financial Committees and its functions were given here below, which is the expected GK Questions in Bank PO and Clerk Exams. Candidates those who are preparing for the examination can use this material.

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    Sno
    Name of the Committee
    Functions
    1.
    Abid Hussain Committee
    On Small Scale Industries
    2.
    Aditya Puri Committee
    Reforms Relating To Non Banking Financial Companies (NFBC)
    3.
    Anil Kaushal committee
    To examine the recommendations made by the TRAI on pricing of Spectrum.
    4.
    Arvind Mayaram Panel
    Report on the alleged irregularities at the National Spot Exchange Ltd (NSEL)
    5.
    Arvind Mayaram Committee
    To give clear definitions to Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII)
    6.
    Athreya Committee
    Restructuring Of IDBI
    7.
    Basel Committee
    For the Banking Supervision
    8.
    Bimal Jalan panel
    Scrutinize applications for new bank licenses.
    9.
    Bhandari Committee
    For the Reconstruction of RRBs
    10.
    B. Mahapatra Committee
    To review the existing prudential guidelines on restructuring of advances by banks/financial institutions
    11.
    Cook Committee
    Capital adequacy of banks.
    12.
    C Rangarajan committee
    Poverty scale estimates in the country
    13.
    C Rangarajan Panel
    Recommending the pricing of natural gas by a complex methodology of arriving at an average of International gas hub prices
    14.
    A K Ganju Committee
    For Uttarakhand Floods
    15.
    Damodran Committee
    To improvement of customer services in banks
    16.
    Dave Committee (2000)
    Pension Scheme For Unorganized Sector
    17.
    Deepak Parekh committee
    Financing Infrastructure sector
    18.
    Janakiraman Committee
    investigate the security transactions of the bank
    19.
    JS Mathur committee
    revise Newspaper Advertisement Rates
    20.
    Justice A.P. Shah committee
    head panel on road safety
    21.
    Kelkar Committee 
    Tax Structure Reforms
    22.
    Kirit Parikh panel
    For fuel pricing. (it has suggested deregulation of diesel prices a rupee at a time)
    23.
    K M Chandrasekhar committee
    For rationalization of foreign investment norms
    24.
    K. Ratna Prabha Committee
    On indecent depiction of women in media
    25.
    MBN Rao Committee
    To prepare the blueprint of India’s first women’s bank
    26.
    MB Shah committee
    For inspection of illegal mining activities
    27.
    Mckinsey Report
    Merger Of 7 Associate Banks With SBI
    28.
     M. Narasimham Committee 
    Banking Sector Reforms
    29.
    Mukul Mudgal member panel
    For probe IPL spot-fixing
    30.
    Mukul Mudgal Committee
    To look at process of film clearances
    31.
    Nachiket Mor Committee 
    For comprehensive financial services for small businesses and low-income households.
    32.
    Naresh Chandra committee
    14 member task force on security issues
    33.
    N Rangachary committee
    To examine taxation policies for I.T. sector
    34.
    N R Narayana Murthy committee
    For evaluation of corporate sector participation in Higher Education.
    35.
    Parthasarathi Shome
    Tax Administration Reform Commission (TARC), Suggest a system to enforce better tax compliance
    36.
    Parthasarathi Shome committee
    To implementation of GAAR (General Anti Avoidance Rule)
    37.
    Percy Mistry Committee
    For making Mumbai An International Financial Center
    38.
    Prasad Panel
    International Trade And Services
    39.
    Pulak Kumar Sinha Committee
    To study the feasibility of Aadhaar as an additional factor for authentication of card present transactions
    40.
    Raghuram Rajan Committee
    Financial Sector Reforms
    41.
    R V Gupta Committee
    Small Savings
    42.
    Raja Chelliah Committee
    Tax Reforms
    43.
    Rekhi Committee
    Indirect Taxes
    44.
    RS Gujral Committee
    To suggest measures to boost MSME exports
    45.
    Sitakant Mahapatra committee
    Inclusion of Bhojpuri language in eighth schedule of constitution
    46.
    Shyamala Gopinath Committee
    Suggestions on Post office Small saving schemes
    47.
    SK Srivastava Committee
    To formulate a policy on public-private partnership model to raise coal output
    48.
    S P Talwar Committee
    To restructuring Of Weak Public Sector Bank
    49.
    SN Verma Committee
    For restructuring The Commercial Banks
    50.
    Suma Verma Committee
    To update, and revise the Banking Ombudsman Scheme, 2006
    51.
    UK Sharma Committee
    NABARD’s Role In RRB
    52.
    Urjit Patel Committee
    To examine the current monetary policy framework
    53.
    Vaghul Committee
    Money Market In India
    54.
    Vasudev Committee
    NBFC (Non Banking Finance Corp) Sector Reforms
    55.
    Y B Reddy Committee (2001)
    Review Of Income Tax

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