Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks
to lend more easily for industrial development

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Indian Economy
One of the reasons for India's occupational structure remaining more or less the same over the years has been that

productivity in agriculture has been high enough to induce people to stay with agriculture
investment pattern has been directed towards capital intensive industries
people are largely unaware of the significance of transition from agriculture to industry for econom
ceiling on land holdings have enabled more people to own land and hence their preference to stay wit

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