5 days ago

Tamil Nadu Committee Consults Industry On Revenue Augmentation

Tamil Nadu Committee Consults Industry On Revenue Augmentation
Tamil Nadu’s Revenue Augmentation Committee holds talks with industry bodies, experts on state’s financial position · thehindubusinessline.com

Tamil Nadu has formed a committee to find ways to raise more money for the state.

Economist Montek Singh Ahluwalia leads the committee.

The committee met business groups and experts in Chennai.

Business representatives said taxes should be collected more efficiently.

They also suggested using digital tools and better rules to reduce money lost through leakages.

The meeting discussed changing guideline property values and allowing more floor space in buildings.

Experts from universities and international organizations also shared ideas.

The committee will study these suggestions along with information from government departments and the public.

Key facts

Committee chair
Economist Montek Singh Ahluwalia
Main objective
Augmenting Tamil Nadu’s own tax and non-tax revenues
Industry priorities
Efficient tax administration, digital technologies and stronger governance
Leakage reduction
Industry stakeholders called for measures to reduce revenue leakages
Other measures discussed
Guideline value rationalisation and increases in floor space index limits
Additional consultations
Domain experts included representatives of multilateral agencies and academic institutions
Public input
Suggestions submitted by email will be considered

Sources

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