ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Foreign Aid-Internal Policies in Gear

government for public sector investment. Thus the government has explicitly acknowledged in its recent memorandum to the IMF that no further scope exists for raising resources through direct taxation. And even the possibilities of levy of indirect taxes on a wide range of products and activities have to be regarded with circumspection lest they come in the way of private investment and production.

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