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Q49 (CDS-I/2008) Economy › Money, Banking & Inflation › Monetary aggregates Answer Verified

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

Result
Your answer: —  Â·  Correct: A
Explanation

Dr. C. Rangarajan has chaired several high-level committees in India. Most notably, in 2006, he chaired the 'Committee on Pricing and Taxation of Petroleum Products', which recommended a shift to trade parity pricing and a reduction in customs duties on petrol and diesel to manage the fiscal burden of subsidies. While he also chaired a committee on poverty estimation (2014) [1] and the National Statistical Commission (2001) [4], the specific option regarding petroleum pricing is a landmark policy association. Although he was a member of the Sukhamoy Chakravarty Committee (1985) which dealt with money supply regulation [2], and he has written extensively on monetary aggregates [4], the 'Rangarajan Committee' as a standalone entity in policy discourse is most frequently identified with petroleum pricing or poverty estimation. Given the options, petroleum pricing is the primary association.

Sources

  1. [1] 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
  2. [4] https://cpi.mospi.gov.in/PDFile/Report_of_the_Group_of_TAC_on_SPCL_on_Base_Revision_of_CPI.pdf
  3. [2] https://www.mse.ac.in/wp-content/uploads/2022/03/EPW-May-21-Dr.-C_Rangarajans-paper.pdf
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