https://www.taxtmi.com/news?id=3930 The statement establishes a multi year fiscal consolidation roadmap for the 12th Plan with annual fiscal deficit targets, protecting flagship poverty programmes and essential capital expenditure while pursuing revenue enhancement, disinvestment and expenditure rationalisation. It accepts Kelkar Committee recommendations including transition to the Goods and Services Tax, review of the Direct Taxes Code, administrative tax collection improvements, Cabinet approved disinvestment plans, strict monitoring of expenditure, and Aadhaar enabled direct cash transfers to better target subsidies. Departments have been directed to realise budgeted receipts and economise expenditure as part of the consolidation plan. en-us Mon, 29 Oct 2012 14:33:22 +0530 Mon, 29 Oct 2012 14:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3930 The statement establishes a multi year fiscal consolidation roadmap for the 12th Plan with annual fiscal deficit targets, protecting flagship poverty programmes and essential capital expenditure while pursuing revenue enhancement, disinvestment and expenditure rationalisation. It accepts Kelkar Committee recommendations including transition to the Goods and Services Tax, review of the Direct Taxes Code, administrative tax collection improvements, Cabinet approved disinvestment plans, strict monitoring of expenditure, and Aadhaar enabled direct cash transfers to better target subsidies. Departments have been directed to realise budgeted receipts and economise expenditure as part of the consolidation plan. News - Mon, 29 Oct 2012 14:33:22 +0530 https://www.taxtmi.com/news?id=3930