Chidambaram focuses on revenue challenges in Sri Lanka tax oration
ECONOMYNEXT – Former Minister of Finance & Home Affairs of India, Palaniappan Chidambaram, will deliver the oration at the 20th Annual Tax Oration of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 22nd October 2015.
Chidambaram will focus his oration on the ‘Challenges Faced by Emerging Economies in Revenue Collection”, a statement said.
In the budget for 1996–1997, Chidambaram brought discipline in government spending and launched an ambitious tax reform programme to tackle an unwieldy fiscal deficit.
In 2008, his move to waive farmer debt played a role in boosting the aggregate demand in the Indian economy, thereby effectively insulating India from the impact of a recession.
Chidambaram, a corporate lawyer, holds a Bachelor of Laws and double Master’s Degrees from Loyola College, Chennai and the Harvard Business School.
He was first elected to Parliament from the Sivaganga constituency in Tamil Nadu in 1984 and became a Deputy Minister under the then Prime Minister Rajiv Gandhi.
Later, he held the Commerce & Finance portfolios in various governments.
(Colombo/October 14 2015)