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Indian government has reduced its education spending by 30000Cr Rs in 5 yrs Indian government has reduced its education spending by 30000Cr Rs in 5 yrs

2018-03-28 17:09:48 by devarajn

Month Before Union Budget, Arun Jaitley Hints at Low Tax Rates newsreporter.in

Month Before Union Budget Arun Jaitley Hints at Low Tax Rates

New Delhi: India has been guided by the principle that a lower level of taxation is the key to building a globally competitive economy in the past two and a half decades since liberalisation, said Finance Minister Arun Jaitley. About a week period left for framing the budget, he said "We have seen post-1991 the entire course of economy altering itself," he said. "What you need is a broader base of economy, for which you need a lower level of taxation."

The budget is likely to be announced on February 1st, almost a month earlier than the usual, to make sure that the spending can kick off from the April 1 start of the financial year itself. It is reported that the government is expected to announce a dramatic change in the direct tax regime, which in turn will slash the personal and corporate taxes.

2016-12-27 10:32:41 by Harshath
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