Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

India Has Scope for Reducing Untargeted Food, Fertiliser Subsidies: IMF

The IMF Fiscal Affairs Department's Deputy Director Paolo Mauro said in India's case, the priority continues to be gradual fiscal consolidation because the gross general government to Gross Domestic Product (GDP) ratio is at about 70 per cent.

PTI

Updated:April 11, 2019, 10:32 AM IST
facebookTwittergoogleskypewhatsapp
India Has Scope for Reducing Untargeted Food, Fertiliser Subsidies: IMF
Representative image
Loading...
Washington: There is a lot of scope in India for reducing untargeted food and fertilizer subsidies and enhancing revenue administration, the IMF has said.

"When one looks at some of the populist proposals announced by political parties during this election season, the important thing is to look at the benefits but also look at the costs and to look at the details," Paolo Mauro, Deputy Director, the International Monetary Fund's Fiscal Affairs Department, told reporters at a news conference here on Wednesday.

"Certainly, when one looks at the case of India, there is a lot of scope for reducing untargeted food and fertilizer subsidies, and for enhancing revenue administration, including for the GST, which was a transformational positive reform. But, again, even there, improved tax compliance would be a priority, Mauro said.

Responding to a question on announcements made by political parties during this election season, Mauro said in India's case, the priority continues to be gradual fiscal consolidation because the gross general government to Gross Domestic Product (GDP) ratio is at about 70 per cent.

"You also have a very rapid growth rate. The economy is growing in excess of 7 per cent, and the objective there is to make sure that that growth is inclusive and it filters down to poverty reduction," he said.

"On the schemes, therefore, ultimately what matters is the combined distributional impact of the transfer policies and also of the taxes that would finance them. So, one has to look at the whole package together to assess the distributional impact," Mauro said.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Tata Motors 218.75 -5.57
PC Jeweller 134.80 6.23
Reliance 1,374.90 0.81
Yes Bank 233.15 0.19
Maruti Suzuki 6,970.00 -1.12
Company Price Change %Gain
PC Jeweller 134.75 6.40
Tata Motors 219.00 -5.36
Indiabulls Real 119.35 13.07
Maruti Suzuki 6,968.00 -1.06
Yes Bank 233.20 0.15
Top Gainers
Company Price Change %Gain
ONGC 167.30 2.17
HCL Tech 1,123.95 1.99
BPCL 342.35 1.78
IOC 151.90 1.67
Bharti Airtel 321.80 1.67
Company Price Change %Gain
ONGC 167.25 2.01
HCL Tech 1,123.95 1.90
Bharti Airtel 321.25 1.60
IndusInd Bank 1,681.40 1.62
Asian Paints 1,449.00 1.24
Top Losers
Company Price Change %Gain
Tata Motors 218.75 -5.57
Hero Motocorp 2,599.55 -1.46
ITC 299.05 -1.43
Grasim 858.60 -1.25
Maruti Suzuki 6,970.00 -1.12
Company Price Change %Gain
Tata Motors 219.00 -5.36
ITC 299.05 -1.42
Hero Motocorp 2,601.40 -1.35
Kotak Mahindra 1,342.65 -1.20
Tata Steel 517.85 -1.14

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results