Money and Banking (part – II)

In 2007, the government has constituted a Committee under the Chairmanship of Abhijit Sen to study and make recommendations for computation of Wholesale Price Index (WPI). The Committee submitted its report in May, 2008 and recommended base year 2004-05 for WPI series.

The Government of India constituted a high level committee of Financial Sector Reforms under the Chairmanship of Raghuram Rajan in the year 2007

The Reserve Bank of India (RBI) had set up a three-member Committee under the former Governor, Bimal Jalan to Scrutinize applications for new bank licenses. The Committee submitted its report on 25 February, 2014.

Disinvestment in India is policy of the Government of India, where is the government liquidated its assets in the public sector enterprises partially or fully. Disinvestment Commission in India was constituted under the Chairmanship of G.V. Ramakrishna in 1996. It submitted 13 reports covering recommendations on  privatization of 57 public sector units.

Rangarajan Committee on disinvestment of Government's shares in public sector companies was appointed in 19993 by the Government of India .

Rangarajan Committee on disinvestment of Government's shares in public sector companies was appointed in 19993 by the Government of India .

In 2007, the government has constituted a Committee under the Chairmanship of Abhijit Sen to study and make recommendations for computation of Wholesale Price Index (WPI). The Committee submitted its report in May, 2008 and recommended base year 2004-05 for WPI series.

With a view to strengthening and institutionalizing the mechanism for maintaining financial stability, enhancing inter- regulatory coordination and promoting financial sector development, the Financial Stability and Development Council (FSDC) was set up by the Government as the apex level forum in December, 2010. The Chairman of the Council is the Finance Minister and its members include the heads of financial sector regulators (RBI, SEBI, PFRDA & IRDA etc.), Finance Secretary, Department of Economic Affairs and Chief Economic Advisor. It monitors macroprudential supervision of the economy and also focuses on financial literacy and financial inclusion.

Swabhimaan Campaign was launched on 10 February, 2011 for financial inclusion. It aimed at expanding banking and financial services in rural areas. It promised to bring basic banking services at the doorsteps of the rural poor. Under the programme, small and marginal farmers and rural artisans get easy access to credit at lower rates.

Swabhimaan Campaign was launched on 10 February, 2011 for financial inclusion. It aimed at expanding banking and financial services in rural areas. It promised to bring basic banking services at the doorsteps of the rural poor. Under the programme, small and marginal farmers and rural artisans get easy access to credit at lower rates.