CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Government of India (GoI) has constituted a committee to review existing marketing structure in Liquefied Petroleum Gas (LPG) marketing in India. Who is the head of the committee?

A	Errol D’souza
B	Kirit Parikh
C	GC Chaturvedi
D	MA Pathan

Explanation:

Detailed explanation-1: -To review the existing marketing structure of Liquefied Petroleum Gas (LPG) in India, the Central Government constituted a five-member committee headed by economist Kirit Parikh.

Detailed explanation-2: -The Kirit Parikh committee, which was set up by the government to review the pricing formula for gas produced in the country as global energy prices soared, has recommended complete liberalisation of natural gas prices by January 1, 2027.

Detailed explanation-3: -Kirit Parikh Committee on Gas Pricing has submitted its report to the Petroleum Ministry. Read more about the Kirit Parikh Committee on Gas Pricing in India.

Detailed explanation-4: -62% of LPG is extracted from natural gas while the rest is produced by petroleum refineries from crude oil. 44% of global consumption is in the domestic sector.

Detailed explanation-5: -The LPG industry began sometime shortly before World War I. At that time, a problem in the natural gas distribution process popped up. Gradually facilities were built to cool and compress natural gas, and to separate the gases that could be turned into liquids (including propane and butane).

There is 1 question to complete.