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As on Mar 20, 2019 12:00 AM Your results on : Economy News    
Important To Undertake Robust Expenditure Planning Based On Commonly Agreed Expenditure Code Says RBI Governor
20-Mar-2019 (13:47)

While adhering to fiscal deficit targets and debt to GDP ratios, it is equally important to undertake robust expenditure planning based on a ‘commonly agreed expenditure code’ to address the socio-economic challenges without diluting the goals of fiscal consolidation, Shaktikanta Das, Governor, Reserve Bank of India stated yesterday. In a speech delivered at the launch of the book ‘Indian Fiscal Federalism’, he noted that recent initiatives in fostering co-operative federalism have opened new chapters of co-operation between Centre and States. The GST Council is functioning on the principle of shared sovereignty.

The Indian model of GST preserves the essence of Indian federalism, he opined. India is, however, a union of states in which both the union and the states have to be fiscally strong. While this issue has to be addressed by the Finance Commission, the challenge for the GST Council now is to realise the full potential of GST for enhancing tax-GDP ratio and work on other areas of our economy to enhance its competitiveness. He stated further that alongside co-operative federalism, there has to be competitive federalism. The ranking of states on the parameter of ‘ease of doing business’ has generated very healthy competition among states.

Life insurance sector premium collection jumps 32.7% in February 2019
19-Mar-2019 (19:20)
GST Council finalizes transition plan of new tax structure for real estate sector
19-Mar-2019 (18:59)
Non-life insurance sector premium collection up 22.6% in February 2019
19-Mar-2019 (17:30)
Trade in fake goods is now 3.3% of world trade and rising: OECD
19-Mar-2019 (16:56)
India's fuel product consumption up 3.8% in February 2019
19-Mar-2019 (16:23)
IBBI and SEBI signs MoU for better implementation of IBC
19-Mar-2019 (15:48)
State Finance Secretaries Discuss Gross Market Borrowings At General And Government Level
19-Mar-2019 (15:02)
Domestic Economic Growth Picks Up Pace, Private Consumption Supported
19-Mar-2019 (13:08)
Government of India Announces Sale Of Four Dated Securities For Rs 18000 Crore
18-Mar-2019 (18:22)
India's sugar production rises 5.9% till 15 March in SS 2018-19
18-Mar-2019 (18:14)
Increasing Protectionism And Tough Global Conditions Weigh On Local Exports Growth Says FIEO
18-Mar-2019 (12:51)
India's forex reserves improves by US$ 0.26 billion in the week ended 8 March
15-Mar-2019 (20:02)
India's services exports up 8.6% in January 2019
15-Mar-2019 (19:56)
India's trade deficit narrows to 17-months low of US$ 9.6 billion in February 2019
15-Mar-2019 (19:44)
FSDC Sub-Committee Reviews Major Developments That Impinge On Financial Stability Of country
15-Mar-2019 (14:45)
Vegetable Oil Imports Rise 7.4% In February 2019
15-Mar-2019 (14:40)
Bank credit growth eases slightly to 14.55% as on 01 March 2019
14-Mar-2019 (21:08)
22nd Meeting of Sub-Committee of Financial Stability and Development Council held in Mumbai
14-Mar-2019 (19:22)
Water storage level of 91 major reservoirs declines to 55.923 bcm as on 14 March
14-Mar-2019 (17:39)
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