Far from it, it has not even made any severe effort to evaluation the prevailing scheme of transfers in gentle of the changed federal panorama. For occasion, the existing criteria have evolved in, and for, a manufacturing-primarily based tax system. The XVFC should have reformulated the distributional criteria for a consumption-based tax system.
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This is excluding the benefit of judicial standstill on asset recognition. Another relief to investors is that solely 2% of its loan book was restructured.
The structural change from production to consumption will make a significant difference to inter se distribution as well as the necessity, …