Which committee recommended comprehensive tax reforms and restructuring of the tax system during the post-reform period ?
Raja Chelliah Committee
After the economic reforms of 1991, the Government of India set up the Tax Reforms Committee in 1991 under the chairmanship of Raja J. Chelliah.
The committee recommended lowering and rationalising income tax and corporate tax rates, widening the tax base, simplifying customs and excise duties and introducing a tax on services, which together restructured the Indian tax system.
The other bodies dealt with different subjects: the Narasimham Committee with the banking and financial sector, the Balwant Rai Mehta Committee with Panchayati Raj, and the Sarkaria Commission with Centre-State relations.
Hence, Raja Chelliah Committee.
How many leading private banks were nationalized in 1969?
'Green Accounting' means measuring the National Income of the country taking into account estimation of
'Wearable ATM Cards and Offline UPI' has been launched by which company?
Which among the following consists of businesses owned by individuals or a group of individuals?
A government company is any company in which the paid-up capital held by the government is not less than:
_______ is a central or apex institution for financing agricultural and rural sectors.
Which of the following sector is the largest employer of India ?
________ was the last deputy chairman of the Planning Commission.
New Economic Policy is also popularly called ________ model of development.
Who among the following economists coined the term “Hindu rate of growth” to describe India’s prolonged period of low economic growth ?
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their: