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Zorluk: ZorEconomic Planning History, NITI Aayog, and Structural Reforms

Match the committees and working groups associated with Indian economic planning and structural reforms in List-I with their key policy recommendations or sectoral milestones in List-II. Which pairing correctly matches each committee with its primary reform mandate?

  • L. K. Jha Committee (1976–1980)Restructuring indirect taxes toward a manufacturing-level Value Added Tax (MODVAT)
  • Dandekar and Rath Study (1971)First systematic estimation of a national poverty line anchored on a uniform 2,250 kcal2,250\text{ kcal} per capita daily intake
  • Sukhamoy Chakravarty Committee (1985)Introduction of monetary targeting to align money supply expansion with plan inflation and growth targets
  • Abid Hussain Committee (1997)Recommendation for the phased de-reservation of items reserved for Small Scale Industries (SSI)

Cevap

The L. K. Jha Committee corresponds to indirect tax reform toward MODVAT; the Dandekar and Rath study established the 2,250 kcal daily per capita poverty baseline; the Sukhamoy Chakravarty Committee introduced monetary targeting in planning; and the Abid Hussain Committee recommended complete de-reservation of Small Scale Industries (SSI) items.
Each committee is correctly mapped to its historical contribution: L. K. Jha Committee proposed MODVAT-style indirect taxation; Dandekar and Rath established the 2,250 kcal poverty intake metric; Sukhamoy Chakravarty Committee introduced monetary targeting for economic planning stability; and the Abid Hussain Committee advocated ending the reservation of products exclusively for small-scale enterprises.

Adım Adım Çözüm

1
Analyze the mandate of the L. K. Jha Committee (1976–1980)
Identified as the pioneer body recommending the restructuring of indirect taxes into a value-added system (MODVAT).
Tax reforms under indirect taxation were evaluated to eliminate cascading effects on industrial inputs during planning cycles.
2
Analyze the contribution of the Dandekar and Rath Study (1971)
Identified as establishing the baseline poverty norm using a minimum daily intake of 2,250 kcal per individual.
This study laid the quantitative foundation for subsequent Planning Commission task forces on poverty estimation.
3
Analyze the recommendations of the Sukhamoy Chakravarty Committee (1985)
Identified as proposing monetary targeting based on expected real GDP growth and acceptable inflation rates.
The committee aimed to ensure monetary expansion aligned with Five-Year Plan targets rather than fiscal dominance.
4
Analyze the recommendations of the Abid Hussain Committee (1997)
Identified as advising the total dismantling of SSI product reservation policies.
Post-1991 structural reforms required small-scale sector modernisation and scale economies for global competitiveness.

Anahtar Kavram

Economic Reform Committees and Planning Policy Milestones
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