https://www.taxtmi.com/news?id=2941 The Budget combines fiscal consolidation and structural reform by amending the FRBM Act to include Effective Revenue Deficit and a mandatory Medium-term Expenditure Framework Statement, pursuing subsidy containment via Aadhaar-enabled direct transfers, accelerating enactment of the Direct Taxes Code and preparatory GST measures including a national GST Network, introducing a negative list approach to service taxation, and proposing targeted direct and indirect tax measures alongside governance, financial sector and sectoral allocations to improve macroeconomic stability and reorient public spending toward capital and inclusive priorities. en-us Sat, 17 Mar 2012 11:21:16 +0530 Sat, 17 Mar 2012 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2941 The Budget combines fiscal consolidation and structural reform by amending the FRBM Act to include Effective Revenue Deficit and a mandatory Medium-term Expenditure Framework Statement, pursuing subsidy containment via Aadhaar-enabled direct transfers, accelerating enactment of the Direct Taxes Code and preparatory GST measures including a national GST Network, introducing a negative list approach to service taxation, and proposing targeted direct and indirect tax measures alongside governance, financial sector and sectoral allocations to improve macroeconomic stability and reorient public spending toward capital and inclusive priorities. News - Sat, 17 Mar 2012 11:21:16 +0530 https://www.taxtmi.com/news?id=2941