Revenue Augmentation Committee holds consultative meeting with trade, industry stakeholders
The Tamil Nadu Revenue Augmentation Committee, led by economist Montek Singh Ahluwalia, has begun consultations with industry stakeholders to improve state tax and non-tax revenue. The committee is gathering expert insights and public feedback to develop sustainable fiscal measures.
Why it matters
Consultative fiscal policy-making is essential for states to balance revenue generation with economic growth and stakeholder support.
The Revenue Augmentation Committee, constituted by the Tamil Nadu government, held a consultative meeting with representatives of trade and industry associations, public finance experts, multilateral agencies and academic institutions on Thursday.
According to an official release, the committee, chaired by eminent economist Montek Singh Ahluwalia, was constituted to suggest measures to augment the State’s own tax and non-tax revenues on a sustainable basis. It held a meeting with various stakeholders on Thursday.
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