Sensing the need for immediate and comprehensive evaluation of the administrative system, the Government of India appointed the second Administrative Reforms Commission on 31 August 2005, under the chairmanship of S. Veerappa Moily, member of Congress working committee and former Chief Minister of Karnataka. The Commission gave three reports in June 2006, July 2006 and … [Read more...] about 2nd Administrative Reforms Commission (2nd ARC)
Committee
Public Accounts Committee (PAC)
The Public Accounts Committee (PAC) is a committee of selected members of Parliament, constituted by the Parliament of India, for the auditing of the expenditure of the Government of India. The Public Accounts Committee is formed every year with a strength of not more than 22 members of which 15 are from Lok Sabha, the lower house of the Parliament, and 7 from Rajya Sabha, … [Read more...] about Public Accounts Committee (PAC)
Narasimham Committee Recommendations on Financial Reforms
Narasimham committee Narasimham Committee was established under former RBI Governor M. Narasimham on August 14, 1991, to look into all aspects of the financial system in India. The report of this committee had comprehensive recommendations for financial sector reforms including the banking sector and capital markets. The committee submitted its report to the Finance Minister … [Read more...] about Narasimham Committee Recommendations on Financial Reforms
Recommendation of the KC Chakrabarty Committee on Recapitalisation of RRBs
The Government of India had constituted a committee in September 2009 (Chairman Dr. KC Chakrabarty committee) to study the current levels of capital-to-risk-waited asset ratio (CRAR) of RRBs and to suggest a road-map for achieving a CRAR of 9% by March 2012. The committee was also required to suggest the acquired capital structure for RRBs given their business level so that … [Read more...] about Recommendation of the KC Chakrabarty Committee on Recapitalisation of RRBs
Recommendations of Narasimham Committee on Banking Sector Reform – 1998
Recommendations of Narasimham Committee on Banking Sector Reform – 1998 For Banking System Pending the emergence of markets in India where market risk can be covered, it would be desirable that capital adequacy requirements take into account market risk in addition to credit risks. In the next three years, the entire portfolio of Government securities should be … [Read more...] about Recommendations of Narasimham Committee on Banking Sector Reform – 1998