Question map
Among other things, which one of the following was the purpose for which the Deepak Parekh Committee was constituted ?
Explanation
The High-Level Committee chaired by Deepak Parekh was constituted by the Ministry of Finance in December 2006 specifically to identify constraints and recommend measures for financing rapid development of infrastructure in India. The Committee’s report (May 2007) focused on improving intermediation of domestic financial savings, mobilising long‑term resources (banks, non-bank finance, pension and insurance funds, ECBs), and institutional reforms to facilitate infrastructure financing [1]. Its terms and interim report explicitly examine long‑term savings, international capital flows, regulatory impediments, and specific recommendations to accelerate infrastructure investment, confirming its mandate was to suggest measures for financing infrastructure development.
Sources
- [1] https://www.indiabudget.gov.in/budget_archive/es2007-08/chapt2008/chap910.pdf