NITI Aayog bats for moderate tax

Policy think-tank NITI Aayog has favoured strengthening of special courts, time-bound disposal of cases and moderate taxation to effectively deal with generation of black money and corruption.

The three-year draft action agenda, released by the Aayog yesterday, stressed on minimising discretionary powers of government officials.

"Special courts set up to try corruption cases should be strengthened and time limit to process corruption cases should be introduced," said the 208-page agenda circulated among the chief ministers on Sunday. "Structural changes to reduce flows of black money will involve keeping tax levels moderate and tax administration simple and transparent and reforms in real estate transaction, including seeding of Aadhar and moderate stamp duties," the Aayog said.