Report of the 13th Finance Commission (2010-2015)
The Government must cut its fiscal deficit to 3% of the GDP by the end of fiscal year 2013-14 and eliminate its revenue deficit in 2014-15, according to the key recommendations of the 13th Finance Commission. The fiscal deficit is estimated at 5.7% in the year ending on March 2011, and will fall further to 4.8% in the year 2011-12, a 13th Finance Commission said. The report of the 13th Finance Commission, said that the fiscal deficit should drop to 4.2% in 2012-13 and to 3% in 2013-14. Finance Minister Pranab Mukherjee said that the Government has accepted all major suggestions of the 13th Finance Commission. The Centre must cap its total debt at 68% of the GDP by the end of financial year 2014-15, the report of the 13th Finance Commission stated.
Report of the Thirteenth Finance Commission (2010-2015)
|Chapter No.||Chapter Name||
|Main Page||Cover Page|
|1.||Summary of Recommendations||Chapter|
|3.||Issues and Approach||Chapter|
|4.||Review of Union and State Finances||Chapter||Annexure|
|5.||Goods and Services Tax||Chapter|
|6.||Union Finances: Assessment of Revenue and Expenditure||Chapter||Annexure|
|7.||State Finances: Assessment of Revenue and Expenditure and Structural Reforms||Chapter||Annexure|
|8.||Sharing of Union Tax Revenues||Chapter||Annexure|
|9.||Revised Roadmap for Fiscal Consolidation||Chapter||Annexure|
|13.||Looking Ahead: Towards a New Architecture for Federal Finance||Chapter|
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India Infoline Research Team / 08:41, Oct 09, 2015
The Indian market too is expected to get off to a positive start. The Nifty looked geared to rally towards the 8300 mark but indices took a breather on Thursday.