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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.