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M Govinda Rao is a councillor at Takshashila Institution. A former member of the 14th Finance Commission, he has previously served as the director of the National Institute of Public Finance and Policy, and as the director of the Institute for Social and Economic Change. He has been a member of the Economic Advisory Council to the Prime Minister, member of the Financial Sector Legislative Reforms Commission (FSLRC), and member of the Expert Committee on Multilevel Planning, Planning Commission. He has been a consultant to the World Bank, International Monetary Fund, Asian Development Bank, and the UNDP.
M Govinda Rao is a councillor at Takshashila Institution. A former member of the 14th Finance Commission, he has previously served as the director of the National Institute of Public Finance and Policy, and as the director of the Institute for Social and Economic Change. He has been a member of the Economic Advisory Council to the Prime Minister, member of the Financial Sector Legislative Reforms Commission (FSLRC), and member of the Expert Committee on Multilevel Planning, Planning Commission. He has been a consultant to the World Bank, International Monetary Fund, Asian Development Bank, and the UNDP.
Despite making gains, next-generation reforms are required to expand and streamline the GST
Both the ruling party and the Opposition seek to empower local bodies, but rectifying a crucial 'birth defect' in decentralisation is the first step for progress
MODVAT was introduced in 1987 without unifying rates, leading to confusion and loss of revenue