July 3, 2012.Amidst raging controversy over fall in output at Reliance Industries' KG-D6 gas fields, a high-level panel headed by C Rangarajan has invited comments on terms of contracts for exploration of oil and gas to be signed in future. Headed by C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, the committee is to look into design and terms of Production Sharing Contracts (PSCs) to be signed in future. Comments/views have been invited by July 31.