The State government has constituted a Revenue Augmentation Committee, chaired by Montek Singh Ahluwalia, eminent economist and former Deputy Chairman of the Planning Commission of India, to advise on measures to augment the State’s own tax and non-tax revenues, identify new and under-tapped sources of revenue, plug leakages and improve compliance in revenue-collecting departments, and enhance revenue through regulatory and taxation reform.
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KP Krishnan, Chair Professor of Economics at the National Council of Applied Economic Research (NCAER); Arbind Modi, Tax Policy Expert and Convener of the Task Force to Rewrite the Income Tax Act (2017-18); Najib Shah, Former Chairman of the CBEC; MA Siddique, Tamil Nadu Finance Secretary; and .M Suresh Babu,Director, Madras Institute of Development Studies, Chennai, are the members of the Committee.
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In the meeting, the Committee discussed its Terms of Reference and the manner in which it proposes to take forward its work, according to a statement.
The Committee will be supported by a dedicated research team drawn from the Tax Policy Research Unit and the Financial Data Analytics Unit of the Finance Department, and will draw upon the experience of other States and established practices in public finance. It will frame its recommendations across short-term, medium-term and long-term measures, it added.
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The Committee decided to commence its deliberations at the earliest, starting with a physical meeting in August, 2026. It also decided that it would meet relevant stakeholders and invite inputs through e-mail in the course of its work, so that its recommendations reflect a balanced and comprehensive assessment.
As per a government order issued earlier, the Committee shall function for a period of three months and shall submit reports and specific recommendations to the Tamil Nadu Finance department within a period of three months.