GST a major cause of slowdown, says Bibek Debroy

NEW DELHI: The Centre will miss the fiscal deficit target of 3.3% of gross domestic product set in the budget for the current financial year, a top policy adviser said on Thursday, adding that he believes the government will cut personal income tax rates. Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council, told a website in an interview that he expects fiscal deficit to rise…