India ranks at 165 among the 178 countries and among the South Asian countries, it is the lowest
The Budget should extend service taxation to all services and unify the rate with excise duty.
It's time to focus on building a modern information system for Union excise and state VAT.
Over the years, with the transfer system becoming more and more discretionary, the Constitutional agency meant to resolve vertical and horizontal fiscal imbalances has slowly, but surely, lost ground.
The problem of resources is not merely confined to inadequacy; it has to do with their distribution as well.
Planning has not lost relevance in India, but the Planning Commission has to reinvent itself.
An important development is the significant increase in the direct transfers to various autonomous bodies.
The dominance of retired bureaucrats in the field of power regulation is an undeniable fact.
The malady of large and persisting deficits continued until 2003-04, though, since then there has some containment largely due to buoyant revenues from Central direct taxes.
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