ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The 1985-86 Budget A Lazy Gamble

M S IN 1957, T T Krishnamachari, presenting his first Budget, enunciated the principles of tax policy in a planned economy. Resource mobilisation and equity consistent with incentives were mentioned as the key elements of tax policy. Twenty-eight years

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