The RBI in a surprise move increased the interest rates. But, the Government is not concerned about increased in GST amount, which is a lot of money. Instead of increasing interest rates which makes borrowing a little difficult, collection of GST could have been decreased which would deploy more funds, in peoples hands thereby, increasing spending in hands of people. I dont say that taxes should be drastically reduced, thereby decreasing the exchequere,but a balance is to be made so that the economy revolves.
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