Unlike the prevailing situation during the FPC, the SPC implementation would be undertaken when the economy is witnessing high tax buoyancy – the tax-GDP ratio of the Centre has increased by 2.6 percentage points to 11.3 per cent in 2006-07(RE) from 8.8 per cent in 2002-03.
2 Paul Samuelson, "An Exact Consumption-Loan Model of Interest with or without the  Social Contrivance of Money," Journal of Political Economy, vol. LXVI (December 1958): 467–482. 3 Christopher J. Waller, "Risk in the Crypto Markets" (remarks at the SNB-CIF  Conference on Cryptoassets and Financial Innovation, Zurich, Switzerland, June 3, 2022). 4 "Have Pensions Lost Money on FTX?," Equable.org, December 1, 2022.