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Part - III

WATCHPOINT: What needs to be seen is the amount of revenue that will be generated from this meager percentage of turnover tax and whether it can be effectively utilized in terms of improvements to the financial infrastructure. Otherwise, it will be viewed as a fiscally conservative government resorting to another populist roll back measure, thereby confusing the investor community and ending up with a loss-loss situation for both the government and investor.

Concluded.

*Contributed by -
Prof. D. Tripati Rao and Varun Trivedi (PGP I),
Xavier Institute of Management,
Bhubaneswar.