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Justice Mathur to head 7th Central Pay Commission

Prime Minister Manmohan Singh has approved composition of the 7th Pay Commission, which will revise the salaries of over 50 lakh Central government employees. "The prime minister has approved......

Quota: Govt announces 13-member committee

Moving quickly to bring an end to the quota imbroglio, the government on Monday announced a 13-member committee headed by senior Congress member of Parliament Veerappa Moily to look into the issue......

Think-tanks to submit report on blackmoney by Dec: FinMin

The three leading think-tanks-- NCAER, NIFM and NIPFP-- conducting a joint study on the quantum of blackmoney, are likely to submit the report to government by December 2012, Parliament was......

Empowered panel on GST to meet today

Proposed revenue-neutral rate, selection of new chief likely on agenda The state finance ministers will meet on Friday to discuss the model goods and services tax laws and the revenue-neutral rate......

7th pay panel's draft report riddled with dissent notes

The notes argue that it will widen the talent base available to govt to deliver increasingly complex services to a demanding population. The seventh Pay Commission's draft report to determine the......

India's economic team must make up for lost time to revive growth

The finance ministry and RBI must get less conservative and improve co-ordination, notes Ajay Chhibber. The US Federal Reserve's decision not to raise interest rates signals that it is more......

Tumbling prices in India boost expectations for more rate cuts

India's wholesale prices tumbled for a tenth straight month in August, pressured by falling fuel costs, bolstering prospects of an interest rate cut by the Reserve Bank later this month. The......
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Revenue Neutral Rate of Tax

Introduction of GST is an important step in the direction of much awaited tax reforms. With the passage of the Constitution Amendment Bill, 2014... ...
Revenue neutral rate is the key

New Delhi: A higher revenue neutral rate under the proposed GST law will lead to leakages, compliance issues, West Bengal finance minister Amit... ...
Creation of TIN and the leap in India's direct tax …

The Indian Express In 2003, the Finance Ministry discussed the creation of a Tax Information Network or TIN, which a Task Force on Direct Taxes... ...
Getting to ideal GST rate

With the National Institute of Public Finance and Policy's (NIPFP) estimate of the revenue-neutral rate (RNR) for GST—it submitted its report to... ...
Panel calls for standard GST rate of 23-25%

NIPFP's calculations provide an important input into deliberations of committee headed by chief economic advisor Arvind Subramanian Chief... ...

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