The foremost job is to reform the system that creates incentives to harass the taxpayers
Banks are unlikely to transmit any cut, given structural rigidities in the sector
Don’t limit the Smart Cities initiative to just enclave-type development
The government must reach out to Opposition parties to get the reform process moving
Quality institutions, state-of-the-art infrastructure and efficient allocation of resources will be crucial
It can play an effective role in inter-governmental coordination only if states see it as a non-partisan institution
Even if all the states agree, the Centre might not go beyond what the Finance Commission has suggested
A close scrutiny of tax sops for SEZs, infrastructure sector and fertiliser can boost tax-GDP ratio by at least 1%
While some changes in the law may be important, it may be necessary to work around this in the short-term
It is important not to implement a bad tax in the eagerness to introduce GST
One year of Narendra Modi govt: By any measure, even the hardcore supporters of the ruling party consider one year…
A close examination of the Constitution amendment Bill shows that the structure envisaged is fraught with flaws.
NITI Aayog must step in to harmonise policies and ensure reforms to prevent generators from becoming bankrupt
Under the new tax devolution regime, it is for states to set their priorities in providing public services
Public sector projects are fraught with huge delays, but we still pin our hopes on them to revive growth
The relaxing of the fiscal consolidation target hasn’t added much to public investment
The Budget disappoints on both increase in public investment and fiscal consolidation. A more calibrated approach to reforms is needed
