Reforming the civil services—one of the last vestiges of our colonial legacy
Behind the apparent economic achievements of the NDA government at the Centre lurks a serious concern: will it be able to fulfil its campaign promise of creating jobs for the one million youth who enter the labour force each month?
If RBI starts getting involved in banks’ decision-making, it will not be able to perform its regulatory functions.
It is ironic that the UK reformed its civil service, but we continue to cling to our colonial legacy.
All defects and complexity in design notwithstanding, rollout of GST would be an outstanding achievement
Is the country ready to provide a universal basic income to all its citizens? While the government is yet make its mind on this issue; it feels this is an idea whose time has come and needs to be widely debated.
Jobs are created when industry grows and that is possible only when the society mobilises capital
The Taxation Laws (Second) Amendment Bill, 2016, recently passed by the Lok Sabha, raises a number of very serious concerns
Removal of a malignant tissue involves a painful surgery; and the recent demonetisation of R500 and R1,000 notes is no exception.
In our system of public management, connections, friendships and extraneous considerations usually matter much more than performance
Within the framework of the punitive model which governments generally favour, increase in the likelihood of detection, swiftness and certainty of punishment are perhaps more effective deterrents than draconian punishments
The current debate misses out on one important dimension that taxation of goods and services is inextricably linked with taxation of personal incomes
Gross National Happiness index supplements the concept of GDP with a more holistic measure of development
One of the most important thinkers, in recent times, to write about the problems of inequalities in modern societies is Thomas Piketty…
The tax collection data reveal that all the taxpayers taken together report incomes which are equal to only about 17-18% of the GDP
In human affairs, wrote Edmund Burke centuries ago, the lines demarcating right from wrong and good from evil are not like the fine lines of geometry; on the contrary, they are broad and deep, and permit of exceptions.
It presents a good opportunity to carry out fundamental reforms in the banking industry
At all levels, most of us exercise the soft option of doing what is popular rather than what is right
Real reform will set in only when officers, at all levels, stop regarding taxpayers as potential tax evaders and see them as citizens with equal rights.
The 7th pay commission recommendations should not become an exercise of granting a bonanza to central govt employees at the expense of other sections of the society
Our complex rules, the corruption we face, as well as the adversarial relationships between the citizens and the bureaucracy that we have built over time are defining modern India
India is one of the few countries where the Laffer principle has proved to have worked in modern times
We should think of simpler solutions to tackle the menace of black money in the real estate sector, such as increasing circle rates and reducing stamp duty.
It is important for tax administration to know why people pay taxes and why they do not
Even with judicial constraints, the power to legislate retrospectively on tax matters is almost draconian in nature
The decision of the Authority for Advance Rulings in the Castleton Investments case was erroneous on at least four counts