Committee to Examine Principles of a Possible Shift from Physical to Financial Controls- Shri M Narasimham
M Narasimhan Committee was formed by the Reserve Bank of India to examine the principles of a possible shift from physical to financial controls, industrial licensing and MRTP aspects. The Committee proposed reforms in industrial licensing and MRTP aspects, focusing on a shift from physical controls to financial controls to improve efficiency and achieve socially desirable results. The Committee explored three potential reforms: simplifying licensing procedures, limiting licensing areas, and replacing licensing controls with financial instruments like fiscal and credit measures.
