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Cess, surcharge, transaction tax distortionary: Virmani |
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| Justifying the Economic Survey’s prescription of phasing out varieties of cess, surcharges and transaction taxes like fringe benefit tax (FBT) and securities transaction tax (STT), the principal author of the pre-Budget document, Arvind Virmani, today said these levies are “distortionary” and impede tax simplification. Read |
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'We are confident that the growth rate would be around 7%' |
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| India should continue with the pending reforms in many sectors to get the economy back on track and take it to a high growth rate, says Arvind Virmani, chief economic advisor to the government, in an interview with Business Standard. Read |
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Economic Survey indicates the direction of govt thinking |
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| The Economic Survey 2008-09 presented to Parliament provides a broad roadmap which the government needs to implement in the short and medium term to enable the country to achieve the growth targets and address fiscal imbalances. Read |
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An effort at projecting optimism |
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| The kind of situation that has been spelt out in the Economic Survey (ES) is an effort at projecting optimism in the midst of a gloomy reality. Read |
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4510.4
