The Kelkar proposals which were in the news recently were the
A
recommendations for reforms in the power sector
B
recommendations for tax reforms
C
guidelines for the privatisation
D
guidelines for reducing vehicular pollution, and the promotion of CNG use
Correct Answer: Option B
Explanation
1. The question asks about the subject of the Kelkar proposals, which were news items around 2002-2003.
2. Two separate task forces headed by Vijay Kelkar submitted reports in late 2002.
3. One task force dealt with direct taxes, and the other with indirect taxes.
4. These reports contained extensive recommendations for tax reforms, aiming to simplify the tax structure, widen the tax base, and improve compliance.
5. Options relate to power sector reforms, tax reforms, privatisation guidelines, and pollution control.
6. The Kelkar proposals were primarily known for their focus on tax reforms.
7. Therefore, the correct answer is (B).