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The Confederation of Indian Industry (CII) has proposed a reduction in rates of personal income tax, and a rate cut in the highest GST slab of 28% in order to revive demand. ....
The government should increase per capita allowance under its social safety net programmes (SSNPs), particularly for the elderly, widows, disabled and marginalised women, considering the high-level food inflation and the rising cost of living, said an economist. ....
Our annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. In this report, we anticipate the state will have a $31 billion surplus to allocate in the upcoming fiscal year and operating surpluses ranging from $3 billion to $8 billion over the multiyear period. We also find the state will need to allocate about $14 billion to meet the constitutional requirements of the State Appropriation's Limit (SAL) across 2020-21 and 2021-22. ....