Tarapore Committee was associated with which one of the following?

The Tarapore Committee, officially known as the Committee on Capital Account Convertibility, was constituted by the Reserve Bank of India in 1997. It was chaired by S.S. Tarapore. The committee was tasked with examining the feasibility and laying out a roadmap for transitioning India from a restricted regime to fuller capital account convertibility. This refers to the freedom to convert local financial assets into foreign financial assets and vice versa at market determined rates. The committee recommended a phased transition based on achieving certain macroeconomic targets related to fiscal deficit, inflation, and banking stability. A second Tarapore Committee was also formed in 2006 to revisit the roadmap for fuller capital account convertibility. Therefore, option B is the correct association.