He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Filing with inadequate disclosure of assets will be liable for prosecution
There are a couple of proposals, however, whose goals are not easily achievable.
Opportunity for India to take leadership in economic diplomacy.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Given the relative rates of gross domestic product growth, the differential will increase.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
'Through the use of technology, the GSTN will tip the balance in favour of compliance rather than tax evasion, lowering the barriers for entry into the tax payment system while making it much harder to cheat on payments,' says Nandan Nilekani.
Indian economy about to take-off
