Kelkar suggested a system for periodic review of economic laws, howsoever revolutionary they might be when they are passed
Patel will replace Vijay Kelkar, who assumed office on November 1, 2014
The official said that GST needed to be revenue neutral and that the GST Council needed to move from multiplicity of rates to one standard rate.
The eminent economist, however, added that he is not suggesting for a moment that the new NITI Aayog should take the form of the old Planning Commission
IMF's macroeconomic theories are not in sync with situations on the ground
NITI Aayog should strive to be a vibrant think tank albeit with substantial financial muscle, says the writer in the first of a two-part series