The Nandan Nilekani Panel/Committee which was in news recently was constituted for which of the following purposes? To review Income-tax Act, 1961 and to draft new direct tax law in consonance with the economic needs of the country. - Study24x7
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The Nandan Nilekani Panel/Committee which was in news recently was constituted for which of the following purposes? To review Income-tax Act, 1961 and to draft new direct tax law in consonance with the economic needs of the country.

A

To study feasibility of selling as many small and marginal oil and gas fields of state-owned ONGC and OIL to private and foreign companies to boost domestic output.

B

To submit a comprehensive report holding consultations with all the major stakeholders to strengthen the digital payments industry.

C

To review Income-tax Act, 1961 and to draft new direct tax law in consonance with the economic needs of the country.

D

To review competition regulations in view of changing business environment and suggest the necessary changes to strengthen and re-calibrate existing law to promote best practices.

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