India: Selected Issues

International Monetary Fund

No 1998/112, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on India reviews the revenue impact of tax reforms implemented by the central government since 1991. The paper highlights that since 1991, tax reforms have been an integral part of economic reforms in India. Following a blueprint laid out by a Tax Reforms Committee, the system of central government taxation has been streamlined as rates have been reduced and rationalized, while some base-broadening measures were implemented and new tax categories have been introduced. The paper also examines the issues related to foreign exchange markets.

Keywords: ISCR; CR; rupee; exchange rate; market; Nonbank finance company; foreign exchange market; REER; public sector bank; asset portfolio; NBFC sector; excise tax; a number of export sector; Commercial banks; Currency markets; State-owned banks; Foreign banks; Asia and Pacific; Southeast Asia; Middle East; Global (search for similar items in EconPapers)
Pages: 144
Date: 1998-11-04
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/112

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