India Desperately Needs A Bold Budget

I have no insight into the thinking behind the Budget that Finance Minister Arun Jaitley will present tomorrow, however, if the demonetization exercise is anything to go by, the Narendra Modi government is not the one to shy away from taking bold decisions. And bold, path-breaking measures are needed in this Budget to put the Indian economy on a non-linear growth path. The aim should be to raise India from its current low-income status where per capita GDP stands at US$1,800 to a middle-income

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With Road To GST Cleared, Speed Is Of Essence

With the Rajya Sabha passing the Constitution Amendment Bill that will enable implementation of the Goods and Services Tax (GST), the doors have been flung open for the biggest indirect tax reform measure since Independence. The introduction of the GST will be a game-changer. It will simplify India’s indirect tax regime by replacing at least 17 federal and state taxes with a single, uniform tax, thus eliminating the inefficiencies created by a multiplicity of taxes, cascading effect of t

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