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Parthasarathi Shome: The evolving fiscal stance
The 2010-11 Economic Survey and 2011-12 Union Budget have come and gone. The immediate reactions sought by media have dissipated. Now is the moment to deconstruct and thus view the overall fiscal stance that is emerging over the last few years through, and post, global financial crisis.First, Indias fiscal developments reveal a relaxation in tax and expenditure efforts during the crisis followed by
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