Economic concessions to companies may create deficit-financing without boosting economy
Big tax-concessions announced for corporates in addition to earlier-announced relief to automobile sector coupled with Reserve Bank of India transferring heavy funds to government can be relief for corporate-giants as evident from record-creating highest one-day jump in Sensex on 20.09.2019, may ultimate prove to be harmful for economic health of the country resulting in increase in budget-deficit leading to price-rise.
Economic boost can only be by taking steps to increase purchase-power of consumers, and employment-generation both in private and public sectors. Any concession in automobile-sector affecting revenue-earning adversely can never increase car-sale without increasing purchase-power of persons or firms affording cars. Best remedy is to promote retail-wholesale trade which pr...









