the finance ministry. The proposed direct tax code, which seeks to simplify and modernise income tax law and the proposed goods and service tax are also high on the priority list, said the PM.
Singh, who had to preside over an embarrassing roll back of rail passenger fare earlier this year due to political opposition, wants to make setting of rail fare more transparent. “The Railways are working on a rail tariff authority, which will make fare setting a more rational exercise,” he said. He also hoped the land Bill will make land acquisition more fair and transparent.
Singh also urged the industry to do more on inclusive growth.
* Cut subsidy on oil
* Implement fiscal deficit reduction blueprint proposed by FM
* Priority to DTC, GST, GAAR, taxation of IT sector
* Speed up disinvestment
* Setting of rail fare to be more transparent