Roadmap For Fiscal Consolidation

Discussion in 'Economy & Infrastructure' started by nrj, Sep 29, 2012.

  1. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Recently Vijay Kelkar committee was tasked to chart out roadmap for fiscal consolidation. It has come up with predictable and necessary recommendations. Apart from divestment recipe and review of Direct Tax Code, it has suggested to do away with all the subsidies. It has also warned Govt on the current state of external payments in uncertain economic conditions.

    Chidambaram has shot down this proposal of scrapping subsidies. But the fact that Kelkar was appointed by Chidambaram himself, makes it evident that policy makers are indirectly hinting that, sooner or later we will have to abandon freeloading habits & device new structure.
     
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  3. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    nrj Stars and Ambassadors Stars and Ambassadors

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    Kelkar panel calls for ‘responsible policy’ as economy faces ‘perfect storm’

     
  5. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Kelkar panel suggests comprehensive review of 'Direct Taxes Code' Bill

     

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