Search For "tax buoyancy"
Indian economy trapped between Goldilocks and Gridlock, shrinking fiscal s
Updated : 2 months, 1 week ago IST
India's much-discussed "Goldilocks" economic narrative is increasingly showing signs of strain, with weak tax buoyancy and shrinking fiscal space creating a policy gridlock, according to a report by Systematic Research.
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India must achieve tax buoyancy of 1.2-1.5 to reach 6.5-7.0% growth: EY re
Updated : 1 year ago IST
India has to maintain tax buoyancy between 1.2 and 1.5 in order to fulfil its Viksit Bharat vision and reach a medium-term growth trajectory of 6.5-7.0, said an Ernst & Young (EY), a multinational professional services firm.
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GST has done justice to consumers by bringing rates down: Nirmala Sitharam
Updated : 2 years, 8 months ago IST
"GST has done justice to the consumers by bringing the rates down compared to the previous regime. Before GST was introduced, India's indirect tax system was fragmented, where every state was effectively a distinct market for the industry as well as the consumer. GST has brought in greate
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Government committed to GST compensation payments to states: Nirmala Sitha
Updated : 4 years, 7 months ago IST
New Delhi [India], August 13 (ANI): The government is an active participant in the recovery process and remains committed to reforms as is evident from a series of tangible steps taken including the passing of seven critical bills related to finance and corporate affairs in the monsoon sess
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Finance Commission advisory council meets, discusses outlook for nominal G
Updated : 6 years ago IST
New Delhi [India], Feb 13 (ANI): The 6th meeting of Advisory Council to the 15th Finance Commission was held here on Thursday to seek views of participants on the formula for horizontal devolution of central taxes and discuss the outlook for nominal GDP growth from 2021-22 to 2025-26, tax bu
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Budget 2020 pegs total expenditure at Rs 30.42 lakh crore
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): The total expenditure has been pegged at Rs 30.42 lakh crore in the Union Budget for 2020-21, keeping in mind the government's commitment towards various schemes and the need for improvement in the quality of life.
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