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Q52 (CDS-II/2007) Economy › Government Finance & Budget › Indirect taxation system Answer Verified

Dr. C. Rangarajan Committee is associated with which one of the following ?

Result
Your answer: —  Â·  Correct: A
Explanation

The Dr. C. Rangarajan Committee is primarily associated with the pricing and taxation of petroleum products. Constituted in October 2005, the committee was tasked with examining various aspects of oil pricing to stabilize and rationalize costs while ensuring the financial health of oil companies [t2]. The committee submitted its report in February 2006, recommending a shift toward 'trade parity pricing' for sensitive products like diesel, which is a weighted average of import and export parity prices [t4][t8]. While Dr. Rangarajan has chaired other significant panels, such as those on poverty estimation [c1][c2] and the National Statistical Commission [t7], the specific option regarding petroleum pricing is a well-documented mandate of his 2006 report [t3][t6]. This committee's recommendations aimed at establishing a transparent mechanism for autonomous price adjustments by oil companies [t2].

Sources

  1. [1] https://www.pib.gov.in/newsite/erelcontent.aspx?relid=15589
  2. [2] https://cag.gov.in/uploads/download_audit_report/2015/Union_Compliance_In_Direct_Tax_Central_Excise_Revenue_Dept_7_2015_chapter_6.pdf
  3. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 3: Poverty, Inequality and Unemployment > ESTIMATES AS PER THE 61ST ROUND OF NSSO VERSUS TENDULKAR COMMITTEE ESTIMATES > p. 40
  4. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 3: Poverty, Inequality and Unemployment > ESTIMATES AS PER THE 61ST ROUND OF NSSO VERSUS TENDULKAR COMMITTEE ESTIMATES > p. 39
  5. [5] https://cpi.mospi.gov.in/PDFile/Report_of_the_Group_of_TAC_on_SPCL_on_Base_Revision_of_CPI.pdf
  6. [6] https://frontline.thehindu.com/the-nation/article30194814.ece
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