The government can increase efficiency of overall government expenditure (both states and the Centre), cut direct tax rates, and harmonise Goods and Services Tax rates, to spur growth, says Bibek Debroy.
"I have not written any note suggesting a rethink on the electrification of the railway network. Let me categorically state that the things that are floating around about my having written a note are completely wrong," Bibek Debroy said.
The Railways’ total electrification drive and talk of phasing out diesel completely stem from a Power ministry policy proposal — Piyush Goyal was Power minister then — two years ago, pushing 100 per cent conversion to electric traction.
Express Economic History Series: 40 months into the government’s term, a new PMEAC has been announced, headed by NITI Aayog member Bibek Debroy, to advise the Prime Minister at a time of increasing concern over the economic slowdown