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Need for Enlightened Leadership to Address Regional Disparities in Tax Pool Distribution: Subbarao

Need for Enlightened Leadership to Address Regional Disparities in Tax Pool Distribution: Subbarao
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Duvvuri subbaraoNarendra modiLehman brothersAndhra pradeshTamil naduFinance commissionReserve bankPrime minister narendra modi

Finance Commission: Enlightened leadership needed to resolve north-south divide on distribution of tax pool: Ex-RBI Guv Duvvuri Subbarao

Former RBI Governor Duvvuri Subbarao has argued that enlightened leadership at both the Centre and State levels is necessary to resolve the north-south divide in determining the distribution of the tax pool among states. He cited the fact that richer states like Tamil Nadu and Maharashtra receive less than a rupee for every rupee they contribute to the Centre s taxes, while poorer states like Bihar and Jharkhand receive more than a rupee.

Tamil naduDuvvuri subbaraoNarendra modiLehman brothersAndhra pradeshFinance commissionReserve bankPrime minister narendra modiEnlightened leadershipNorth south divideCross subsidizationTax pool

Enlightened leadership needed to solve north-south divide on distribution of tax pool: Ex-RBI Gov Subbarao

Subbarao pointed out that for every rupee richer states like Tamil Nadu and Maharashtra contribute to the centre’s taxes, they receive less than a rupee, while poorer states like Bihar and Jharkhand receive more than a rupee.

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Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao

Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao
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Syed akbaruddinKautilya school of publicKautilya schoolGovernor of the reserve bankEconomic advisory councilKautilya school of public policy smita sharmaFormer governorReserve bankDuvvuri subbaraoPublic policyUnion finance secretaryPrime ministerPublic policy smitaDean syed akbaruddin

My refusal to fall in line upset Chidambaram : Ex-RBI guv Subbarao claims former FM overstepped into RBI turf

Amid the global financial crisis in 2008, while the Reserve Bank was firefighting rupee and forex liquidity, Chidambaram constituted a panel on liquidity management without consulting the RBI.

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