Centre should announce 3-year privatisation pipeline of Public Sector Enterprises: CII's Budget recommendation

Contributing sentiments towards policy:

59% : Leveraging the data from India's world-class digital infrastructure could help detect tax evasion and expand the tax base," said Chandrajit Banerjee, Director General, CII. CII also advocated greater use of digital and artificial intelligence-based tools to enable seamless data sharing among GST, income tax, and digital payment systems.
56% : Linking tax returns with high-value transactions and deploying advanced analytics can enable real-time detection of evasion while lowering compliance costs, it said in its budget recommendation.
55% : On revenue mobilisation, CII noted that India's combined Centre and State tax-to-GDP ratio, at 17.5 per cent, remains below that of many major emerging economies.
55% : "To finance the developmental needs of the country, India needs to increase its tax-GDP ratio.
55% : Greater use of digital and AI-based tools should be leveraged to expand the tax base through seamless data exchange between GST, income tax, and digital payment systems.
49% : CII also called for consolidating Centrally Sponsored Schemes (CSS), which account for about 11 per cent of central government expenditure, to reduce fragmentation.

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