View: India needs to raise government revenue to ensure equalisation and growth
Synopsis
A coordinated effort across taxes and levels of government is necessary to eliminate the tax gap, make the tax system more effective, equitable and efficient, and build fiscal federalism.
Non-bank lenders, considered crucial for helping further the cause of financial inclusion in India’s layered but burgeoning economy, want parity with their banking peers in accessing an exclusive database on large borrowers — for early stress warnings that should give financiers adequate lead time to deploy the defensive moat.
The grouping that represents such lenders has written to the Reserve Bank of India (RBI) for full access to the Central
BY
Anoop Singh
ET CONTRIBUTORS
3 mins read
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