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Former Finance Secretary Subhash Chandra Garg was less optimistic. He said achieving a fiscal deficit target of 4.5 percent by FY26 will be difficult, adding that it will be tough for the central government to contain its fiscal deficit aim to less than 5.5 percent for the next fiscal year.
Weighing in on the debate of a simpler GST, Lakshmikumaran & Sreedharan Founder and Managing Partner V Lakshmikumaran said that while we all applaud the advent of the GST, we must also realise that the law that has been written cant be understood by the people at large.
According to Sinha, the pillars of Prime Minister Narendra Modi s third term at the helm of the government would be digitisation, decarbonisation, inclusion, urbanisation, and innovation
If the last 20 years have been terrific for India, the next two decades will see four times the progress, says Jayant Sinha, Chairperson of the Parliamentary Standing Committee on Finance.