7) Rather than increasing tax rates, the government should initiate comprehensive tax reforms and rationalization of subsidies and government expenditure to curb fiscal deficit. Explain the statement along with the measures being taken by government in that direction.

Topic:  Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

7) Rather than increasing tax rates, the government should initiate comprehensive tax reforms and rationalization of subsidies and government expenditure to curb fiscal deficit. Explain the statement along with the measures being taken by government in that direction.

http://www.business-standard.com/article/economy-policy/budget-may-announce-fuel-subsidy-reforms-115012300033_1.html