In 2002-2003, the Government of India set up a committee to review the fiscal reforms both in respect of Direct and Indirect taxes under the chairmanship of _____.
Vijay Kelkar
The question asks who chaired the 2002-2003 committee (task force) set up to review fiscal reforms covering both direct and indirect taxes.
The correct answer is Vijay Kelkar, who headed the Task Forces on direct and indirect taxes constituted by the Government of India in 2002.
The Kelkar committees recommended widening the tax base, lowering and rationalising rates, removing exemptions and modernising tax administration.
Vijay Kelkar later also chaired the committee on the Fiscal Responsibility and Budget Management (FRBM) roadmap, reinforcing his link with fiscal reform.
Chakravarthi Rangarajan was a former RBI Governor known for monetary and financial-sector work, not this specific 2002-03 tax task force.
Abid Hussain led trade and small-scale-industry committees, while Deepak Parekh chaired infrastructure-financing bodies, so neither headed this tax panel.
Hence the committee was set up under the chairmanship of Vijay Kelkar.
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