Kelkar Panel

Government-appointed panel headed by former finance secretary Vijay Kelkar on reviving the private-public partnership (PPP) model for infrastructure development submitted its report to Finance Minister Arun Jaitley o Thursday.

In pursuance of the announcement, a committee comprising of 10 members including its chairman Mr Kelkar, who is presently the Chairman of Institute of Public Finance & Policy, has been constituted, a Finance Ministry release said on Tuesday.

The government on Tuesday constituted a 10-member panel under former finance secretary Vijay Kelkar to revisit and revitalise public private partnership (PPP) mode of infrastructure development.

The high-level Vijay Kelkar Committee has favoured the current production-sharing regime for high-risk deep sea oil and gas exploration over the revenue-sharing model that is being considered for the next round of auction.

Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar Committee recommendations on cutting fiscal deficit.

He also added that recommendations of the Kelkar panel on subsidies were wholesome and had been accepted by the government.

In order to encourage retail investors, the Kelkar committee has suggested that government should consider floating exchange traded fund (ETF) comprising shares of only those PSUs which have good financial track records.

A day after the Kelkar committee report was made public, the head of the government-appointed panel, Vijay Kelkar, told NDTV that the suggestions made by the panel are not contrary to the government's objective of sustained and inclusive growth.

The following are highlights of a report by the three-member panel headed by former finance secretary Vijay Kelkar, which was asked to recommend ways of improving government finances.

The government appointed panel to suggest a roadmap for fiscal consolidation has recommended a comprehensive review of the Direct Taxes Code Bill and bringing in more services in the tax net.

The Kelkar committee has said subsidies pose the greatest risk to the country's fiscal situation and has suggested that diesel be deregulated by 2014 and all subsidy on cooking gas be cut by 2015.

The Kelkar Committee panel report on the roadmap for government finances may not be made public anytime soon.

Government-appointed panel headed by former finance secretary Vijay Kelkar on reviving the private-public partnership (PPP) model for infrastructure development submitted its report to Finance Minister Arun Jaitley o Thursday.

In pursuance of the announcement, a committee comprising of 10 members including its chairman Mr Kelkar, who is presently the Chairman of Institute of Public Finance & Policy, has been constituted, a Finance Ministry release said on Tuesday.

The government on Tuesday constituted a 10-member panel under former finance secretary Vijay Kelkar to revisit and revitalise public private partnership (PPP) mode of infrastructure development.

The high-level Vijay Kelkar Committee has favoured the current production-sharing regime for high-risk deep sea oil and gas exploration over the revenue-sharing model that is being considered for the next round of auction.

Diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar Committee recommendations on cutting fiscal deficit.

He also added that recommendations of the Kelkar panel on subsidies were wholesome and had been accepted by the government.

In order to encourage retail investors, the Kelkar committee has suggested that government should consider floating exchange traded fund (ETF) comprising shares of only those PSUs which have good financial track records.

A day after the Kelkar committee report was made public, the head of the government-appointed panel, Vijay Kelkar, told NDTV that the suggestions made by the panel are not contrary to the government's objective of sustained and inclusive growth.

The following are highlights of a report by the three-member panel headed by former finance secretary Vijay Kelkar, which was asked to recommend ways of improving government finances.

The government appointed panel to suggest a roadmap for fiscal consolidation has recommended a comprehensive review of the Direct Taxes Code Bill and bringing in more services in the tax net.

The Kelkar committee has said subsidies pose the greatest risk to the country's fiscal situation and has suggested that diesel be deregulated by 2014 and all subsidy on cooking gas be cut by 2015.

The Kelkar Committee panel report on the roadmap for government finances may not be made public anytime soon.