Maintain the existing taxes on fuel and at the same time increase direct support to low-income households — that’s the advice to the government from the former chief of IMF in India.
Alfred Schipke, director, IMF-STI Regional Training Institute and former IMF India Mission chief, who led the 2021 assessment of India’s macroeconomic situation by the multilateral agency, told TOI that reducing fuel taxes in general disproportionately benefits higher-income households.
