Rediff Logo
Money
Line
Channels:   Astrology | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels:    Auctions | Health | Home & Decor | Tech Education | Jobs | Matrimonial
Line
Home > Money > PTI > Report
March 18, 2002 | 1300 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      






 Special Offer

 To your parents'
 health


 Special Offer

 Why & How to
 follow Vastu



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

RBI asks govt to come up with long-term tax policy

Reserve Bank of India Governor Bimal Jalan on Monday asked the government to come up with a long-term policy, which would clearly spell out the tax rate structure for 5-7 years well in advance.

"Somehow, we have to move away from large number of changes. We need to have a long-term tax policy for the next 5-7 years, which is stable, adopted through consensus and is more equitable," Jalan said at a seminar jointly organised by the Confederation of Indian Industry and National Council of Applied Economic Research in New Delhi.

To improve tax administration, the RBI Governor said "we have to simplify the rules. I can assure you, if you do that then tax compliance will improve, corruption will be reduced and scrutiny will also come down."

He asked the industry representatives and NCAER to suggest ways to improve tax administration.

ALSO READ:
The Rediff Budget Special
Money

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report

ADVERTISEMENT