Budget 2019 must focus on diversifying sources of govt revenue; over-reliance on taxes is axing benefits of welfare schemes

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If governments do diversify their revenue portfolio, they would not only get insurance against unforeseen shocks to their leading revenue source but also obtain the policy space to adopt innovations that potentially axe such welfare-reducing policies.

from Latest News India on Firstpost http://bit.ly/2TZie55
Meenaz Munshi and Harsh Vardhan Pachisia

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