Economics (Part – XVI)

Ashok Dalwai committee: Major recommendations

• The government announced to double farm incomes by 2022 in its Union Budget 2016-17.
• In line with this, it appointed an 8-member interministerial committee headed by Ashok Dalwai, to consider major reforms in the agriculture sector.
• The committee has called for placing agricultural marketing on the Concurrent List.
• It has also recommended greater private sector participation in agri marketing and logistics.
• It suggested increasing the number of farmer producer and village producer organizations (FPO/VPO).
• It also called for amending the Companies Act to facilitate private sector shareholding in FPOs up to 26 per cent.

The LC Gupta Committee was appointed by SEBI in 1996 to advise on the development of an appropriate regulatory framework for derivative trading in India.

The Rangarajan panel set up by the Government of India suggested total decontrol of the sugar industry by doing away with the levy sugar obligation, release mechanism and freeing of export-import. This panel was constituted in January 2012

The Vijay Kelkar Committee was set up to study and evaluate the public-private partnership model. This 10-member committee was constituted in the year 2015.

The S Tendulkar Committee was constituted in the year 2005 to review the concept of the poverty line. Whereas the Rangarajan Committee was constituted in the year 2012 to review the methodology of the Tendulkar Committee for determining the poverty line.

There is no silk-made textile industry in Mirzapur. Silk-made textile industries are present at the other three sites.

NTPC Limited (earlier known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, engaged in the business of power generation and allied activities.

In the given options, food and clothing are not capital goods, while the rest are capital goods.

The expenses which raise productive capacity are examples of investment expenditures. Under this, investment expenditure is made to increase the production capacity. It should be noted that capital expenditure is included in investment expenditure.

Buffer stock is a component of the Food Security System. It is the central stock maintained by the Government of India for various purposes of food security, such as taking care of emergency situations. Emergency situations can be crop failure or stabilization of prices by way of market intervention.