Little Revenue, Little Reform

Little Revenue, Little Reform I S Gulati THE tax measures announced in the 1980-81 Budget have to be assessed on their own merits for more than one reason. Firstly, if in the Finance Minister's, judgment a deficit of the order of Rs 1,417 crores "will not have a significantly adverse impact on the economy", he would not have been very uncomfortable even if the deficit had been left at Rs 1,640 crores