Bring down excise, service tax to 8%, Kelkar panel

The government should step up the process of stake sale in state run firms, sell minority holdings in Specified Undertaking of the Unit Trust of India (Suuti), Hindustan Zinc and Balco, and take steps to monetize under-utilized land resources of public sector enterprises, port trusts and railways, a panel set up to chart out the roadmap on fiscal consolidation said on Monday.

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