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"Budget 2017" tag

The unsensational budget

The first criterion an economist applies is, how appropriate a budget is to the macroeconomic situation. If it is inflationary, the budget must deflate, and vice versa. The current supply-demand balance is benign by Indian...


India: Budget 2017 and Direct Tax

The Finance Minister’s speech in the Lok Sabha this morning did not indicate too many changes to the direct tax laws. However, as always, the devil lies in the detail and the Finance Bill, 2017...