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There is a great need to revive the economy and introduce reforms today. Prime Minister Manomhan Singh, after getting additional charge of the Finance Ministry had given out strong signals of wanting to "revive the animal spirit in the Indian economy".
One key step was the move to write the General Anti-Avoidance Rules (GAAR) afresh.
Will there be more reforms in this quarter? If yes, what should they be?
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The Jayalalithaa Government in Tamil Nadu today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management", amidst gloomy ...