Ex-CEA Arvind Subramanian against cut in personal income tax, extra fiscal boost

Ex-CEA Arvind Subramanian against cut in personal income tax, extra fiscal boost

Ex-CEA Arvind Subramanian at the Idea Exchange programme. (Express Photo)

Arguing against a major restructuring of personal income tax at this juncture to give relief to taxpayers, former Chief Economic Adviser Arvind Subramanian said on Tuesday that instead, the forthcoming Union Budget (2020-21) ought to bring back honest accounting of the Centre’s finances and refrain from rolling out any additional fiscal stimulus. Rather than coming out with any surprises or making dramatic announcements, the Budget should set realistic and modest targets, without any undue stress on fiscal consolidation either, he said at the Indian Express Group’s Idea Exchange programme here.

According […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.