Financial Daily from THE HINDU group of publications
Friday, Aug 29, 2003
Financial Daily from THE HINDU group of publications Friday, Aug 29, 2003 |
|
|
|
|
|
Industry & Economy
-
Economy Revenue reforms panel may submit interim report soon Our Bureau
Bangalore , Aug. 28 THE Revenue Reforms Commission of Karnataka is likely to submit its interim report on education, health, forest and irrigation to the Government by the end of next month. Work on the interim report is almost over. The report is likely to pave way for introducing some reforms in the above sectors by year-end, Government sources said. The commission will soon take up studies on drinking water supply, police systems, urban transport, crop husbandry, industries, labour and employment, co-operation, interest receipts, miscellaneous fees and State lotteries. The questionnaires for these sectors are under process and are likely to be finalised by this month-end. The commission will consult with experts on these fields and the general public prior to undertaking of the detailed study. The Revenue Reforms Commission was set up after the Government realised that the Tax Reforms Commission was unable to examine the non-tax receipts in detail. Non-tax revenues cover several areas of resource raising. The involvement of the State in economic and public life is reflected in the Budget in the provision of social goods such as education, health, water supply, sanitation, housing and social security and in the provision of economic services such as irrigation, power and support for agricultural and industrial activities. The commission was constituted to undertake in-depth study on the social and economic linkages of the social goods provided for by the Government. Yet another category of non-tax revenues is interest receipts and dividends from Government lending and investment. This relates principally to public sector undertakings and co-operative societies, which receive assistance in the form of equity, loans and guarantees apart from outright subsidies. The commission also advises the Government on outstanding debt and the evolving investment and indebtedness profile of the State and returns realised in the form of dividend, debt servicing and guarantee commission.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|