The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 29] NEW DELHI, WEDNESDAY, JANUARY 25, 1984/MAGHA 5, 1905
Separate paging is given to this Part in order that it may be filed as a separate compilation
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE 3. Dr. A.K. Sengupta, —Member. (Department of Economic Affairs) S-pecial Secretary to Prime Minister NOTIFICATIONNew Delhi, the 24th January, 1984
S.O. 38(E) :—The present apparatus of administrative controls for allocation of resources in the economy was largely built up throughout middle of the 1 c)50's at a time when other forms of indirect strategic controls were not available. Since then there has been tremendous growth in the institutional in- frastructure in banking and finance. The Economic Advisory Council has recommended that the possibility of making far mure effective use of the commanding heights in banking and investment financing for achieving socially desirable results should be considered by the Government. In order to examine tho principles of a possible shift in our economic policy from physical controls to financial controls and other related issues, the Government has decided to constitute a high powered committee with following members :—
1. Shri M. Narasimham, —Chairman
Principal, Administrative Staff College, Hyderabad
2. Dr. Bimal Jalan, —Member
Special Secretary and Chief Economic Adviser, Ministry of Finance
4. Dr. C. Rangarajan, — Member
Deputy Governor, Reserve Bank of India, Bombay
5. Dr. A. Bagchi,
Officer on Special Duty, —Member- Department of Economic Affairs Secretary
The terms of reference of the Committee will be as follows;—
(a) To examine the principles involved in a possible shift in using the banking and investment financing systems for achieving socially desirable results in this respect in our policy from physical controls to financial con- trols with-a view to streamlining the control system and improving its efficiency, and
(b) Any other matter which may be relevant to the consi-
deration of (a)
The Committee will submit its report by November 30,
1984.
[No. A. 48011/6/84—Admn. IT]
P.K. KAUL, Secy.