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    <title>7 - 7.75% growth in 2016-17: Key Highlights of the Economic Survey 2016</title>
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    <description>The Survey identifies the twin balance sheet problem-stressed bank and corporate balance sheets-as a key barrier to private investment and economic recovery, and recommends bank capitalisation, sale or rehabilitation of stressed corporate assets, selective disinvestment of non-core public enterprises, and monetary and exchange-rate flexibility. It urges adherence to a fiscal deficit target to anchor policy, widening the tax base while phasing out exemptions, reconsideration of corporate tax reductions, and prompt implementation of the Goods and Services Tax. Complementary measures include scaling JAM for targeted subsidies and shifting certain subsidies to direct cash transfers.</description>
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