Articles by N J Jhaveri

The Consultation Paper on Direct Taxes makes a strong and cogent case for the autonomy of tax administration, for transforming it into a taxpayer service department and for the abolition of fiscal incentives. A critical review.

This essay seeks to provide a framework for evaluating budgets in the context of the economic reform programme. The seven effective tests of a good budget proposed are: (i) How well does the budget balance the country's fiscal books? (ii) How well does it meet the counter-cyclical needs of the economy? (iii) How well does it achieve fiscal consolidation? (iv) How good are the tax reform measures? (v) How good are the expenditure reform measures? (vi) How well does it improve the environment for growth acceleration? and (vii) Finally, does it restore the credibility of the government?

N J Jhaveri On Improving the Effectiveness and Efficiency of the Financial System in India by V V Bhatt and A Hasib; Indian Council for Research in International Economic Relation, New Delhi, 1994; pp vii + 118, price not mentioned.

and Plan Outlay N J Jhaveri While it is understandable that all categories of tax-payers should expect a lowering of tax harden, the question of tax rate changes needs to be discussed in the right perspective. Moreover, front the point of view of their impact on the economy, aggregate government expenditure. provision for public sector plan outlay, etc, are important aspects of the Budget. The purpose of this article is to discuss some of these facets of the Central Budget for 1984-85.

N J Jhaveri The Budget for 1982-83 appears to have fallen short of the expectations of business and industry and the salariat. Its failure in this regard sterns partly from the exaggerated expectations that had been raised and partly from the many factors which have rendered Budgets an exercise in keeping the Five-Year Plans going as best as possible. The 1982-83 Budget's support to the Sixth Plan is only modestly higher than its predecessor's and even this modest increase has been achieved with great difficulty. While the Budget has taken several steps in the right direction, many of them are taken haltingly, primarily because resource mobilisation is becoming an increasingly difficult, exercise.