Shome now FM’s adviser
Earlier, while holding the additional charge of finance, Prime Minister Manmohan Singh had appointed Shome as chairman of the committee on General Anti-Avoidance Rules (GAAR) in July.
Later, the committee was also asked to give its views on the controversial retrospective tax laws amendment announced in Budget 2012-13. The committee has already given the reports to the finance ministry and now government’s views are awaited.
Shome is likely to play a significant role in the ministry, especially on tax-related issues, given his vast experience in the subject. Shome was also involved in in drafting the first report on yet-to-be-rolled out Goods & Services Tax in 2007.
He was a professor with the Indian Council for Research on International Economic Relations and has earlier worked with the IMF.
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