OECD REPORT PITCHES FOR MORE TAX REFORMS IN INDIA
BIG STRESS GIVEN ON SPEEDING UP INCLUSIVE GROWTH
2017-03-01 11:14
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After the recent report of the International Monetary Fund (IMF) reproving the Modi Government for its November 8 decision of demonetizing high denomination notes which it contended has dampened consumption and activities across the real sectors of the Indian economy, the Organization for Economic Cooperation and Development (OECD) did not pass any overt strictures on demonetization (Demo). With the government repeating parrot-like that the accompanying pain people suffered was stoically borne by them in the national interest of sucking out black money virus from the economy, the OECD deftly noted that “implementing the demonetization has had transitory and short-term costs but should have long term benefits”.