 A High Level Committee on Financial Sector Reforms was constituted consisting of twelve members, with Rajan as chairman.The committee, in its report titled "A Hundred Small Steps", recommended broad-based reforms across the financial sector, arguing that instead of focusing "on a few large, and usually politically controversial steps", India must "take a hundred small steps in the same direction".In November 2008, Indian Prime Minister Dr Manmohan Singh appointed Rajan as an honorary economic adviser, a role that involved writing policy notes at Singh's request.