SURJIT BHALLA COMMITTEE

About: 

• A High Level Advisory Group (HLAG) on Trade and Policy, headed by Dr. Surjit S. Bhalla has been constituted by the Department of Commerce.
  
  
• Recommendations:
  • The HLAG has made several recommendations for boosting India’s share and importance in global merchandise and services trade.
    
    
  • It recommended “Elephant Bonds” as a specialised security product providing funds towards Long Term Infrastructure.
    
    
  • It identifies tax reforms to boost export and investment channels for exports.
    
    
  • It also made recommendations for reforms in Financial Services Framework for making India a Preferred Destination for financial services.