NEW DELHI, FEBRUARY 28 : No big-bang reforms. No cut in tax rates. No major change in tax slabs. And barring the needless increase in dividend distribution tax (DDT), an impractical, inflation-contending strategic cut in cement, extension of minimum alternative tax (MAT), and an incentive-killing application of Fringe Benefit Tax to ESOPs (employees’ stock option plan), no major change worth writing home about.
Just the right formula for keeping a long-term household budget, riding long-term high economic growth, in place.
Story in The Indian Express, March 01, 2007