ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Development Rebate, Capital - Intensity and Employment

Development rebate, it has been suggested, creates a tendency towards adoption of techniques of higher capital intensity and thus works against the objective of permitting employment. It has been con- tended, on this ground, that tax concessions linked to investment of capital are inappropriate in a labour surplus and capital scarce economy like ours.

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