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Chidambaram asks FM Jaitley to cut indirect taxes immediately

Chidambaram said that slashing indirect taxes would push consumption and in turn perk up production

Press Trust of India  |  New Delhi 

Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", has said that the government should immediately cut indirect taxes across the board to revive the sagging economy. Demonetisation, he said, damaged India's GDP growth in 2016-17. Further, he fears that its shadow will fall on 2017-18 and some parts of 2018-19. He also said that lack of creation of jobs for the youth is a powder keg and a small spark can lead to a large explosion. Resentment might not be visible but it can be a "silent killer", ...

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Chidambaram asks FM Jaitley to cut indirect taxes immediately

Chidambaram said that slashing indirect taxes would push consumption and in turn perk up production

Chidambaram said that slashing indirect taxes would push consumption and in turn perk up production Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", has said that the government should immediately cut indirect taxes across the board to revive the sagging economy. Demonetisation, he said, damaged India's GDP growth in 2016-17. Further, he fears that its shadow will fall on 2017-18 and some parts of 2018-19. He also said that lack of creation of jobs for the youth is a powder keg and a small spark can lead to a large explosion. Resentment might not be visible but it can be a "silent killer", ... image
Business Standard
177 22

Chidambaram asks FM Jaitley to cut indirect taxes immediately

Chidambaram said that slashing indirect taxes would push consumption and in turn perk up production

Former finance minister P Chidambaram, who feels the Union Budget for 2017-18 is "aimless and directionless", has said that the government should immediately cut indirect taxes across the board to revive the sagging economy. Demonetisation, he said, damaged India's GDP growth in 2016-17. Further, he fears that its shadow will fall on 2017-18 and some parts of 2018-19. He also said that lack of creation of jobs for the youth is a powder keg and a small spark can lead to a large explosion. Resentment might not be visible but it can be a "silent killer", ...

image
Business Standard
177 22