Tax Reforms in India PDF ePub eBook

Books Info:

Tax Reforms in India free pdf When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a) enhance tax and non-tax revenue, (b) curtail current expenditure growth, (c) restructure public sector undertakings, including disinvestment, (d) improve fiscal-monetary co-ordination, and (e) deregulate financial system. The need for improvements in budgetary practices led to the enactment of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which ushered the Indian economy in an era of fiscal consolidation based on fiscal policy rules. Tax reforms introduced by the Government since 1991 have helped to build a structure which is simple, relies on moderate tax rates but with a wider base and better enforcement. Moreover, they have helped in correcting structural imbalances in the tax system. They are soft on industry with a view to create new investment climate and make India internationally competitive. By lowering the tax rates, the Government expects speedy industrial development and hence buoyancy in tax revenues. The country is keenly awaiting implementation of Direct Taxes Code (DTC) and National Level Goods and Services Tax (GST). GST is Indias most ambitious indirect tax reform. Lack of political consensus is holding up progress and implementation of GST. This book gives a vivid account of recent reforms in the Indian tax system as a part of the on-going policy of liberalisation and globalisation of the Indian economy.

About Vaneeta Rani

However, right now we simply can't offer you specifics of the actual Author Vaneeta Rani. Nevertheless doesn't imply that any of us don't work for my child collection. We all request that you assist us with this make any difference. If you have free time and desire may exceptionally take pleasure in in the event you offer you your details. When getting this kind of feedback and details via consumers in regards to the Tax Reforms in India Author Vaneeta Rani, many of us 1st the woman check out. The moment most of us ensure that all true, merely submit that. We understand why help and also many thanks before hand.

Details Book

Author : Vaneeta Rani
Publisher : New Century Publications
Data Published : 01 January 2014
ISBN : 817708383X
EAN : 9788177083835
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 192 pages
Age + : 15 years
Language : English
Rating :

Reviews Tax Reforms in India



17 Comments Add a comment




Related eBooks Download


  • Centre-State Relations in Indian Fiscal Context free pdfCentre-State Relations in Indian Fiscal Context

    This volume is a festschrift in honour of Sri B.P.R. Vithal. the founder of CESS. who was a pioneer in wiping out the revenue deficit of Andhra Pradesh and initiating regional planning. His contribution to the subject of Indian fiscal federalism is well-known to the administrators and academicians of this field..


  • Macroeconomic Variables and Security Prices in India During the Liberalized ... free pdfMacroeconomic Variables and Security Prices in India During the Liberalized ...

    The liberalization of the Indian economy and consequent strengthening of the relationship between the Indian financial system and the rest of the world has made India more vulnerable to macro issues..


  • A Simple Method to Compute Fiscal Multipliers free pdfA Simple Method to Compute Fiscal Multipliers

    Fiscal multipliers are important tools for macroeconomic projections and policy design. In many countries. little is known about the size of multipliers..


  • Global Finance and the Macroeconomy free pdfGlobal Finance and the Macroeconomy

    This text provides ways of analyzing the key issues in international finance and open economy macroeconomics. The topics covered include: financial globalization and the evolution of the international financial system- international macroeconomic accounting and measurement- early balance of payments approaches- the intertemporal model of international borrowing and lending- the significance of external deficits- the determinants of interest rate differentials and exchange rates- the effectiveness of monetary and fiscal policies- capital mobility and economic growth- and the causes of financial crisis in emerging economies..


  • The Green Fiscal Mechanism and Reform for Low Carbon Development free pdfThe Green Fiscal Mechanism and Reform for Low Carbon Development

    This book reviews how far East Asian nations have implemented green fiscal reform. and show how they can advance carbon-energy tax reform to realize low carbon development. with special reference to European policy and experience..


  • Tax Reforms in India free pdfTax Reforms in India

    . When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a)