FM: Immediate Challenges Before the Government is to Increase the Growth Rate as it Will Boost Both the Economic Activities and the Revenue Collections FM Holds Pre Budget Consultation Meeting with Finance Ministers of States and Union Territories

FM: Immediate Challenges Before the Government is to Increase the Growth Rate as it Will Boost Both the Economic Activities and the Revenue Collections FM Holds Pre Budget Consultation Meeting with Finance Ministers of States and Union Territories https://www.taxtmi.com/news?id=13783 The Finance Minister urged coordinated Centre-State action to raise growth, noting sectoral imbalances and that the Fourteenth Finance Commission report is under consideration. States submitted proposals-notably Goods and Services Tax, decentralisation of Centrally Sponsored Schemes, fiscal transfers, infrastructure, water management, and financial inclusion-and requested measures such as direct allocations, tax holidays, removal of certain export duties, borrowing flexibility within FRBM limits, and support for urban renewal and SMEs. The Ministry committed to examine submissions for Budget inputs, stressed fiscal discipline, and sought cooperative implementation of GST with assurances of compensation for transition losses. en-us Sat, 27 Dec 2014 09:55:59 +0530 Sat, 27 Dec 2014 09:55:59 +0530 TaxTMI RSS Generator FM: Immediate Challenges Before the Government is to Increase the Growth Rate as it Will Boost Both the Economic Activities and the Revenue Collections FM Holds Pre Budget Consultation Meeting with Finance Ministers of States and Union Territories https://www.taxtmi.com/news?id=13783 The Finance Minister urged coordinated Centre-State action to raise growth, noting sectoral imbalances and that the Fourteenth Finance Commission report is under consideration. States submitted proposals-notably Goods and Services Tax, decentralisation of Centrally Sponsored Schemes, fiscal transfers, infrastructure, water management, and financial inclusion-and requested measures such as direct allocations, tax holidays, removal of certain export duties, borrowing flexibility within FRBM limits, and support for urban renewal and SMEs. The Ministry committed to examine submissions for Budget inputs, stressed fiscal discipline, and sought cooperative implementation of GST with assurances of compensation for transition losses. News - Sat, 27 Dec 2014 09:55:59 +0530 https://www.taxtmi.com/news?id=13783