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Plug gaps in GST to raise fiscal support: IMF
Why is it in news?
- The International Monetary Fund (IMF) chief economist Gita Gopinath said India should plug gaps in GST collections.
More suggestions from Gita Gopinath:
- India should propose a credible privatisation plan for public sector firms.
- Government should cut wasteful expenditure from the Budget in order to contain borrowing costs while enhancing fiscal support for the economy.
- India must continue to provide support to the weaker sections.
- India must increase outlays for the national employment guarantee scheme this year.