It has been thirty years since the big-picture reforms started in India with economic liberalisation in 1991. Over the past few years, the government has ushered a series of framework reforms including the Jandhan-Aadhaar-Mobile, Monetary Policy Framework, Insolvency and Bankruptcy Code, Good and Services Tax, Labour and Agriculture reforms. It would not be wrong to … Read more
For better central-state relations, GoI would do well by recognising the need for a long-term solution and acting swiftly. Synopsis Despite the bold indirect tax reform of 2017, no consensus has been reached yet on including petrol and diesel within the goods and services tax’s (GST) ambit. Until fuel is included in GST, it will … Read more
GoI is uniquely positioned to raise resources in comparison to states. It must also address the growing demand to extend the GST compensation period to 10 years, given how the reality has turned out. Synopsis The track record so far of the present government toward states demonstrates a betrayal of trust so crucial not just … Read more