Need for Increasing The Tax GDP Ratio

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....eed for Increasing The Tax GDP Ratio <br>Budget<br>Dated:- 28-2-2013<br><BR>Presenting the Union Budget in the Parliament today, the Finance Minister Shri P.Chidambaram underlined the need for increas....

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....ing the Tax GDP ratio. The Finance Minister said that in FY 2011-12, the Tax GDP ratio was 5.5 percent for direct taxes and 4.4 percent for indirect taxes. These ratios are one of the lowest for any l....

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....arge developing country and will not garner adequate resources for inclusive and sustainable development. Shri P.Chidambaram further added that in 2007-08, the Tax GDP ratio touched a peak of 11.9 pe....

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....rcent and in the short term, we must reclaim that peak. *** DSM/RC/nb/41 (Release ID :92755)<BR> News - Press release - PIB....