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.
S.No – 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