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

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Inflation and Evasion

Kaushik Basu The Union Budget 1984-85 has been acclaimed as one giving a variety of concessions. It is argued that some of these 'concessions' may not be concessions at all when viewed in the light of our double-digit inflation. Moreover, it is likely that this budget will fuel inflation, thereby removing in the long-run what minimal concessions the fixed-income classes may be receiving in the immediate future.

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