FX.co ★ Indian Govt. Needs Rate Cut To Fuel Economy- PMEAC Chief

(RTTNews) - Suresh Tendulkar, the Chairman of Prime Minister's Economic Advisory Council said that the Indian Government needs to cut tax rate to fuel economy, reported the media. Tendulkar said that the reduction is desirable at the present scenario, as it would generate more purchasing power.

The Chairman's remarks assume significance as the government is finalizing interim budget to be tabled in Lok Sabha on February 16 by External Affairs Minister Pranab Mukherjee, who is also holding additional charge of the finance portfolio. He also said that another stimulus package in the interim budget could not be ruled out.

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