With which one of the following has the B.K. Chaturvedi Committee dealt?
Reviewed by Dalvoy
UPSC Civil Services preparation
- AReview of Centre-State relations
- BReview of Delimitation Act
- CTax reforms and measures to increase revenues
- DPrice reforms in the oil sectorCorrect
Explanation
The B.K. Chaturvedi Committee was appointed by the Government of India in 2008 to examine the financial position of oil companies and suggest a sustainable pricing strategy for petroleum products. At that time, global crude oil prices were rising sharply, leading to massive under-recoveries for domestic oil marketing companies. The committee recommended a transition toward market-determined pricing and suggested changes in the taxation structure and subsidy delivery to ensure the long-term health of the oil sector. Therefore, it is directly associated with price reforms in the oil sector.
