UPSC Prelims 2009·GS1

With which one of the following has the B.K. Chaturvedi Committee dealt?

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Last updated 23 May 2026, 3:31 pm IST
  1. AReview of Centre-State relations
  2. BReview of Delimitation Act
  3. CTax reforms and measures to increase revenues
  4. 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.
UPSC Prelims: With which one of the following has the B.K. Chaturvedi Committee dealt?