The Advisory Council members were updated by the Commission regarding the progress made in terms of state visits by the Commission, upcoming consultative meeting with the GST council and interaction with other experts.
The Possible macro assumptions for the Commission's award period relating to real growth, inflation etc were discussed in detail.
Issues related to Goods & Services Tax (GST) and rationalization of Centrally Sponsored Schemes were discussed and views of eminent members of Advisory Council were sought.
The Council will meet again before the submission of the Commission's final report.
The Advisory Council Members present Dr. D.K. Srivastava, Dr. M Govinda Rao, Dr. Indira Rajaraman, Dr. Sudipto Mundle, Dr. Omkar Goswami, Dr. Arvind Virmani, Dr. Krishnamurthy Subramanian, Dr. Surjit Bhalla, Dr. Prachi Mishra, and Mr. Neelkanth Mishra.
(With Inputs from PIB)