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THE NATION: PM'S COUNCILS
REFORMS IN EDUCATION
 Convener:
Mukesh D. Ambani
Member: Kumaramangalam Birla
Recommendations: 14, including free & compulsory education for children
up to 14, common system of education, financial guarantees for student
loans and foreign investment in education. None implemented.
CAPITAL MARKET, FINANCIAL SECTOR REFORMS
Convener: Mukesh D. Ambani
Member: R.P. Goenka
Recommendations: 41, including abolition of BIFR, setting up of asset
reconstruction company, dual nationality schemes, and FII investment in
debt markets. A few implemented.
PROMOTING SERVICE INDUSTRIES
 Convener:
A.C. Muthiah
Recommendations: Gave six recommendations and endorsed earlier reports
like the National Strategy of Development of Tourism 1996 and the Action
Plan on Tourism 1992. Suggested a sub-committee to develop a five-year
plan. Most not implemented.
ADMINISTRATIVE AND LEGAL REFORMS
 Convener:
Kumaramangalam Birla
Members: Ratan Tata, Nusli Wadia, P.K. Mittal
Recommendations: 15, including setting up of an Investment Promotion Board
to cut delays, creation of Indian Judicial Service and establishing national
law schools in four zones. A few implemented.
REFORMS IN HEALTHCARE
Convener: Mukesh D. Ambani
Member: Kumaramangalam Birla
Recommendations: 12 recommendations, including setting up of a healthcare
development fund, higher taxes on liquor and tobacco and corporatisation
of government hospitals. None implemented.
INFRASTRUCTURE DEVELOPMENT
 Convener:
Ratan Tata
Recommendations: 60, including setting up of power trading corporation
in states, splitting of dot into four companies, grant of more power to
TRAI, doubling of tax holidays for road projects to 10 years, a regulator
for water. A few implemented.
(Only major recommendation have been counted)
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