For a large country like India, the tax reforms brought in requires utmost care. Thus, the government forms Committees on Tax Reforms. The main objective of these committees is to ensure the tax reforms does not affect the daily lives of the citizens in the country.
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Committees on Tax Reforms
Sr No. |
Name of the Committee |
Focus Area |
| 1 | Aditya Puri Committee | Dissemination the Credit Information |
| 2 | A Ghosh Committee | Malpractices and Frauds in India |
| 3 | A K Khandelwal Committee | For HR issues related to public sector banks |
| 4 | Abid Hussain Committee | For Small Scale Industries |
| 5 | AK Bhuchar Committee | Coordination between commercial banks and term lending institutions |
| 6 | Ajay Shankar Committee | For reviewing the functioning of PPP cell |
| 7 | C Rangarajan committee | For estimating the poverty scale in the country |
| 8 | Dave Committee (2000) | For Pension Scheme For Unorganized Sector |
| 9 | Deepak Mohanty Committee | Information management and data in the RBI |
| 10 | H R Khan Committee | Evaluates the unclaimed PPP and post office saving |
| 11 | Bhide Committee | Coordination between SFC’s and commercial banks |
| 12 | Janakiraman Committee | Investigates the security transactions in a bank |
| 13 | Â KM Chandrasekhar committee | Â For rationalization of foreign investment norms |
| 14 | Cook Committee | For Capital adequacy of banks |
| 15 | Damodaran Committee | Improvement in the customer services of the banks |
| 16 | Justice M B Shah Commission | On black money |
| 17 | Basel Committee | For Banking Supervision |
| 18 | Deepak Parekh committee | For Financing Infrastructure sector |
| 19 | Dinesh Sharma Committee | Proposing new regulation related to virtual currencies or digital currencies |
| 20 | Bhandari Committee | For Reconstruction of RRBs |
| 21 | Â Shyamala Gopinath Committee | Â For Suggestions on Post office Small saving schemes |
| 22 | James Raj Committee | The functioning of various public sector banks |
| 23 | K.V.Kamath Panel | To examine the financial architecture for small, medium and micro enterprises |
| 24 | Kelkar Committee | Â For Tax Structure Reforms |
| 25 | ML Dhantwala Committee | Regional Rural Banks |
| 26 | MBN Rao Committee | Prepares the blueprint of India’s first women bank |
| 27 | Parthasarathi Shome | For Tax Administration Reform Commission |
| 28 | Parthasarathi Shome Committee | For Implementation of GAAR |
| 29 | Nachiket Mor Committee | Providing financial services for low-income households and small businesses |
| 30 | Raja Chelliah Committee | For Tax Reforms |
| 31 | Rakesh Mohan Committee | Small Savings |
| 32 | P J Nayak Committee | Governance of Boards in banks |
| 33 | R V Gupta Committee | For Small Savings |
| 34 | R. Jilani Committee | Inspection System in Banks |
| 35 | Narasimham Committee | For Banking Sector Reforms |
| 36 | N Rangachary committee | Examining the taxation policies for the IT Sector |
| 37 | N. K Singh Committee | To review the budget management act and fiscal responsibility |
| 38 | Rattan P Watal Committee | Boosting the digital payment system in India |
| 39 | Rekhi Committee | For Indirect Taxes |
| 40 | Sudharshan Sen Committee | Studying the regulatory issues related to digital banking and financial technology in India |
| 41 | Suma Verma Committee | To revise and update the Banking Ombudsman Scheme, 2006 |
| 42 | SN Verma Committee (1999) | Restructuring The Commercial Banks |
| 43 | SS Nadkarni Committee | Trading in public banks |
| 44 | Vaghul Committee | For Money Market In India |
| 45 | Tandon Committee | Follow up for bank credit |
| 46 | UK Sharma Committee | For NABARD’s Role In RRB |
| 47 | Urjit Patel Committee | To examine the current monetary policy framework |
| 48 | Vipin Malik Committee | Consolidated Accounting by banks |
| 49 | R.H. Khan Committee | For Harmony among the roles of a financial institution in banks |
| 50 | Raghuram Rajan Committee | For Financial Sector Reforms |
| 51 | RS Gujral Committee | To Suggest measures to boost MSME exports |
| 52 | S P Talwar Committee | For Restructuring Of Weak Public Sector Bank |
Practice Questions on Committees on Tax Reforms
Q. Which committee was established for bringing the banking sector reforms?
A. RS Gujral Committee
B. UK Sharma Committee
C. Suma Verma Committee
D. Narasimham Committee
Answer: D. Narasimham Committee
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