Govinda Rao

Singh’s tenure as Finance Minister in 1991 is particularly noted for bold economic reforms during a period of acute financial crisis.

Time to simplify GST with fewer rates to curb misclassification, boost compliance: Govinda Rao

"Catering is taxed at 18 percent, but non-star hotel restaurants face a 5 percent tax. If the restaurant is providing catering service, it leads to scope for mis-classification and tax evasion."

Demonetisation impact: The worst is over; see normalcy by Jan end, says Govinda Rao

The deadline to submit demonetised notes in banks has ended. But for all those who still wish to deposit old notes can still do so at specified RBI branches till March 31.

Political funding audits key to success of demonetisation: Pros

The political parties must be open to audits, believe both Govinda Rao, former member, PMEA and Ashok Lahiri, former chief economic advisor.

Higher GST rate may lead to compliance issues: E&Y

In a country the size of India, there cannot be a goods and services tax (GST) rate higher than 18-20 percent, says Harishanker Subramaniam, Partner, Ernst & Young. India being such a vast nation, compliance is certainly going to be an issue.

Experts debate: Is diesel, LPG, kerosene price hike next?

The government has a lot on its plate right now – from the freefalling rupee to the twin deficits which are spiraling out of control. But it dealt the biggest blow to the common man today by hiking petrol prices effective from midnight with the steepest ever increase of Rs 7.50 per litre.

Strike at DRL's plant enters 5th day; production affected

Dr Reddy's Laboratories today said production of active pharmaceutical ingredients (APIs) at its Srikakulam facility continues to be affected as the strike by contract workers entered the fifth day.

Decline in FDI: Is foreign capital shunning India?

In recent days, the Wall Street Journal as well as the American Ambassador have drawn attention to what seems like a crisis in foreign direct investment (FDI) for India. Experts discuss.

If fuel isn't administered, fiscal deficit may rise: PMEAC

In an interview with CNBC-TV18, Govinda Rao, Director of NIPFP and member of the PM's Economic Advisory Council (PMEAC) talks on the inflation quagmire and government's options regarding fuel duty rejig.