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Frbm Task Force

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Oil levy system may change

The high-level task force to review the tariff structure on petroleum products is in favour of shifting the excise duty structure from ad-valorem to specific tariff values to provide greater......

Nuts and bolts of fiscal reforms

The Task Force on the Implementation of the Fiscal Responsibility and Budget Management Act, 2003, chaired by Dr Vijay Kelkar, submitted its report on July 16.It is, in a substantial sense, an......

Cenvat may be cut to 12%

The task force on the Fiscal Responsibility and Budget Management Act, chaired by Vijay Kelkar, adviser to the finance minister, has recommended that the central value-added tax rate should be......

Kelkar lays out big tax push

The Vijay Kelkar task force on the Fiscal Responsibility and Budget Management Act is likely to suggest a frontloading of tax efforts by the new government, a progressive move towards a......

'Great risk to nations from undermining independence of central bank'

'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral V Acharya.......

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