 "Best of BS Opinion: Boosting economic growth, income tax slabs, and more")
Reviving economic growth should be the top priority for the government. In this context, Finance Minister Nirmala Sitharaman recently hinted that the government was considering lowering and rationalising personal income tax rates, among other measures, to boost economic growth.
While there is no certainty of an income tax cut translating into more spending as during tough times the tendency is to save more, a simpler regime with reasonable tax rates can be expected to help improve compliance and increase the base, argues our lead editorial.
The unconscionable neglect of exports and the external sector has impacted competitiveness, productivity
