Tuesday, 16 February 2016

Fiscal Consolidation

FRBM Act, 2003.
7th Pay Commission has recommended a 23.5% hike which would push up the fiscal deficit. OROP. Bank capitalisation.
Volume of taxes stuck in disputes.
The govt. should widen the tax base, rationalise tax rates.
Strategic sales of profitable state-owned companies.
De-control urea prices.
Expand JAM. Move over to cash transfers.
Discontinue obsolete CSSchemes .



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