https://www.taxtmi.com/news?id=14039 The Government reiterates commitment to fiscal consolidation and warns that if revenues do not improve, targeted expenditure compression may be necessary to meet the budgeted deficit target. Enhanced revenue generation is prioritised through tax-to-GDP improvements, tax rationalisation, modernisation of tax administration, disinvestment, and implementation of a well-designed Goods and Services Tax, while subsidy rationalisation and Aadhaar based direct transfers for food subsidy are proposed to facilitate expenditure restructuring. en-us Fri, 27 Feb 2015 12:39:20 +0530 Fri, 27 Feb 2015 12:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14039 The Government reiterates commitment to fiscal consolidation and warns that if revenues do not improve, targeted expenditure compression may be necessary to meet the budgeted deficit target. Enhanced revenue generation is prioritised through tax-to-GDP improvements, tax rationalisation, modernisation of tax administration, disinvestment, and implementation of a well-designed Goods and Services Tax, while subsidy rationalisation and Aadhaar based direct transfers for food subsidy are proposed to facilitate expenditure restructuring. News - Fri, 27 Feb 2015 12:39:20 +0530 https://www.taxtmi.com/news?id=14039