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VAT

Mayawati asks states to cut VAT on petrol

Mayawati said the Central and state governments, while sacrificing their political interest, should pay attention to national problems, which are becoming serious day-by-day, so that life can normalise.

Rethink Development

Some policy changes may be required to rejuvenate the economy, the first being to remove the focus from big business and promote small enterprises, primarily, by reducing their burden of taxation. As of now, the tax structure favours the rich; the rate of taxation on firms and individuals is almost double the corporate tax rate.