To permit nbfcs to work as business correspondence 17. Large nbfcshadow bank problemneed to transform them into banks. His current work is principally focused on the design of national and regional health systems. Nachiket mor visiting scientist the banyan academy of. The committee was chaired by nachiket mor, a member of the central board of the rbi. So we were excited when mor agreed to discuss the report on nextbillion. Nachiket report will redraw banking contours the hindu. Among its various recommendations, it recommended the formation of a new category of bank called payments bank. Questions based on recent important committees form a part of the general awareness section of many govt.
General awareness practice questions for sbi po and clerks. The payment banks came into existence as a result of the nachiket mor committee. C in competitive exams, as little as 1 mark can make a lot of difference. Nachiket mor, submitted its final report on december 31, 20.
Important committees list 2017 pdf download all committees ajay shankar committee. For your assistance, we bring to you a free ebook on important committees related to banking and finance in india. Important committees related to banking and finance in. Nachiket mor submitted its final report on december 31, 20. To leading nonbanking finance companies, the recommendations of the nachiket mor committee released by the rbi on tuesday are like a banana to a. If farmer suffers crop loss due to bad weather, he should be given the compensation before next cropping season, without delay. Executive director nachiket mor executive director board committees audit committee. Udgata principal chief general manager, reserve bank of india member secretary dr.
Nachiket mor has a phd in economics from the university of pennsylvania. Report by the committee on comprehensive financial services for. He was a member of the planning commission s highlevel expert group on universal health care, the primary care task force of the ministry of health and family welfare. At present, only 44 ias officers are working in telangana and the rest are working in a. Report of the technology advisory group for unique projects. I was also encouraged to learn about indias involvement in. It recommended that the nonperforming asset reporting provisions and other regulations for non banking finance companies nbfcs be aligned with those of banks. Latest and breaking news on nachiket mor committee. Committee proposed that following things are to be achieved by 1st january, 2016. Irani chairman expert committee on company law stnew delhi, the 31 may, 2005 dear mr. Nachiket mor 2014 on comprehensive financial services for small businesses and low income. Nachiket mor committee recommendations pdf writer bitbin. Roundtable on nachiket mor committee report on committee. The committee suggested that investment by banks in bonds and equities and provision of guarantees to psl beneficiaries be counted towards meeting the.
The nachiket mor committee recommendations will redraw the contours of banking industry in the country, says shyam srinivasan, ceo, federal bank. Sample thank you letter for book gift 12 hours chemung directors report park ter w zip 10034, nachiket mor committee report form amsterdam avenue zip. He is also the chairman of the board of directors of care india. The nachiket mor committee has recommended the rbi new banking concepts such as payments banks to boost financial inclusion. Mint nachiket mor to head gates foundation in india 1 min read. If theyre implemented, the mor committees recommendations could prove to be a. The licence applications were evaluated by external advisory committee eac, headed by nachiket mor, which submitted the report on 6th july 2015 after examining the financial track record as well as governance issues of the applicant entities. On 23 september 20, committee on comprehensive financial services for small businesses and low income households, headed by nachiket mor, was formed by the rbi. Social health insurance as a complementary financing. Social health insurance as a complementary financing mechanism for universal health coverage in india anuska kalita 1and nachiket mor july 27, 2015 the paper explores the role that social health insurance shi, as an organisational mechanism for raising and pooling additional funds, can play in financing health services in india.
Pdf executive director nachiket mor executive director. The committee on comprehensive financial services for small businesses and low income households chaired by nachiket mor submitted. Some thoughts on financial system designs to enhance. Nuts and bolts of financial inclusion the hindu businessline. If bank gives loan to setup weather station, it should be counted under psl target priority sector lending. The committee on comprehensive financial services for small businesses and lowincome households, set up by the rbi in september 20, was mandated with the task of framing a clear and detailed vision for financial inclusion and financial deepening in india. Committee on fi the rbi appointed a committee on comprehensive financial services for small businesses and lowincome households under the chairmanship of shri nachiket mor, member on the central board of directors, rbi in the month of sep 20.
On 19th august 2015, rbi gave inprinciple licence to 11 entities to launch payments bank. Heres a sample question on committees related to banking and finance in india. He is known for his inventions of financial devices to deliver banking service to villages and contribution in trying to solve indias financial inclusion problem. Pdf financial inclusion nachiket mor committee report. Nachiket mor rbi to conduct auction of inflation indexed bonds worth rs 1,000 cr on monday nachiket mor panel proposals. Explore nachiket mor committee profile at times of india for photos, videos and latest news of nachiket mor committee. Committee on comprehensive financial services for small businesses and low income. He is currently national director for bill and melinda gates foundation.
Nachiket mor committee recommends creation of differentiated banks to promote financial inclusion sep 2015. Narendra modi okayed the recommendations of pratyush sinha committee regarding the division of all india service officers in a. On the other hand, payment banks will be mandated to provide interest on the money that people deposit with them. List of important committees for bank exams 201718. Officially known as committee on comprehensive financial services for small businesses and low income households formed by the rbi governer mr raguram rajan on 23 september 20. Committee on comprehensive financial services for small businesses and low income households. Providing a universal bank account to all indians above the age of 18 years by january 1, 2016. What links here related changes upload file special pages permanent link page information. Banking on new technology business news,the indian express. If you are preparing for sbi, ibps, lic, ssc, railway and others competitive exams, you may find some questions related to important committees. The committee on comprehensive financial services for small businesses and low income households, headed by dr.
But there is also a strong pitch for embracing new technology to reach unbanked areas of the country. Nachiket committee recommends nbfcs to act as business correspondents update nachiket mor committee on comprehensive financial services for small businesses and low income households has recommended a design that refers to banks that seek to extend the. General awareness practice questions for sbi po and clerks online exams 2014 wednesday, june 11, 2014 sbi probationary officers special 55 comments sponsored links. The committee proposed that a state finance regulatory commission be set up into which all state level financial regulators will be merged. Committee on comprehensive financial services for small.
Minister, i have the privilege and honour to present the report of the expert committee to advise the government on the new company law, set up by the ministry of company affairs vide order dated 2nd december, 2004. The committee recommends that the net liabilities from the banking system will be permitted to be deducted from their ndtl computation for the purpose of ascertaining their slr obligations on par with the treatment currently given for crr. Nachiket mor committee has submitted its final report includes major recommendation3. Reported guidelines for regulating expenditure and content of advertisement in govt. Comprehensive financial services for small businesses and low income households. Nachiket madhusudan mor, 5th floor capital court, olof palme marg, munirka, new delhi 110 067. Nachiket mor chair, committee on comprehensive financial services for small businesses and low income households central board member, reserve bank of india.
To curb black money in the economy, which of the following committees has been formed in the year 2016. Achievers corner drishti ias coaching in delhi, best. Nachiket mor, central board member, reserve bank of india. On 7 january 2014, the nachiket mor committee submitted its final report. Report of the steering committee on fintech related issues. Small banks and payment banks have emerged from the recommendation of nachiket mor committee that has highlight of financial inclusion in india. I want to start by thanking the bis and gpfi for inviting me to this important conference and dialogue on standard setting in the landscape of digital financial inclusion. To achieve this, a vertically differentiated banking system with payments banks for deposits and payments. Important committees list 2017 pdf download all committees. This will encourage entrepreneurs to setup weather stations. Report summary committee on comprehensive financial.
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