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Fiscal stimulus wanted but faced by a revenue roadblock

With Reserve Bank of India making it easy on the monetary policy, it seems many of the industry lobbies and a few economists are demanding for a fiscal stimulus to boost the sagging condition of the economy. But it seems that revenue constraints are limiting the government’s ability to spend more than what has already… Read More: Fiscal stimulus wanted but faced by a revenue roadblock »

Finance Minister: India’s tax administration needs to change its mind-set

Finance Minister Nirmala Sitharaman has put stresses on a mind-set change in tax officials while advocating a technology-driven approach. She was attending the first meeting of senior officials of Income-tax and GST wings in Gujarat. She told a large group of tax department officials that; “Tax administrators have a very delicate role to perform. A… Read More: Finance Minister: India’s tax administration needs to change its mind-set »