Creating adequate fiscal space important to give impetus to growth: Kovind

Creating adequate fiscal space is important to give impetus to the current growth trajectory, said former President Ram Nath Kovind on Saturday. Speaking at an event organised by TIOL here, the former president said no nation can prosper without predictability and certainty in the tax architecture. The fiscal architecture is one of its most important pillars, he said. Sound fiscal management attracts both public and private capital and improves the quality of the public-private partnership. "Over the years, we have made great progress in streamlining our taxation policy. The complex tax regimes themselves have been simplified beyond recognition" he said. Now there are fewer tax slabs, processes have been streamlined. taxation policy has become more predictable and investor confidence improved while ease of doing business has enhanced, he said. All this has been made possible by leveraging technology and going forward faceless tax assessment will be the norm, he said. Speaking at
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