Dhirendra Kumar, CEO, Value Research, says the government is in a Catch-22 situation when it comes to broad-basing tax base and increasing money in the hands of people. He adds that a personal income tax cut is expected more so as a follow up to the government's corporate tax rate cut. Edited excerpts from interaction with ET Now:
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
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