Fiscal Reforms Hit Pause Button
The shift might be aimed at boosting disposable incomes of farmers, middle income class and workers in the unorganised sector.
With the availability of FY2018/19 revised estimate (RE), we now have an account of fiscal reforms under the NDA government from 2014/15 to 2018/19. A comparison between the final year of the previous regime (UPA II) and the corresponding year of the current government underlines the broad direction of fiscal reforms undertaken by the latter. Quite clearly, the Modi government focussed on augmenting the tax GDP ratio
