Hardayal Singh

Articles By Hardayal Singh

28 Articles

The rise of the new middle class: No political party can afford to take them for granted

What is much more likely is that, as in developed countries, with time, they will enter different political parties and begin to influence political agendas as well as electoral outcomes, much more decisively.

Opinion News

Income tax rebate: Towards the ‘right’ rate structure

The economic impact of the recent rebate in income tax announced in Interim Budget is likely to be multi-layered and complex, but mostly beneficial—historically, whenever tax rates have been reduced, collections have shot u

Income tax rebate: Towards the 'right' rate structure (Illustration: rohnit phore) News

Reforming the civil services is one of the last vestiges of our colonial legacy

Reforming the civil services—one of the last vestiges of our colonial legacy

civil service, Planning Commission, Planning Commission paper, Arvind Panagariya, World Bank, Department of Personnel, World War II, Fulton Committee Report  News

Reforms in India: Experience shows success is achieved only when there is an emergency

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

Reforms in India, job experiance, job experiance value, nda government reforms News

NPA crisis: Why RBI can’t get involved in banks’ decision-making process

If RBI starts getting involved in banks’ decision-making, it will not be able to perform its regulatory functions.

Opinion News

Civil services: Ironical that India continues to cling to its colonial legacy

It is ironic that the UK reformed its civil service, but we continue to cling to our colonial legacy.

Narendra Modi, Civil services, Civil services in India, India's colonial legacy, Raja Rammohan Roy, Asiatic Society, liberalisation News

Rollout of GST would be an outstanding achievement

All defects and complexity in design notwithstanding, rollout of GST would be an outstanding achievement

Opinion News

Is India ready for universal basic income? Benefit would lie in rationalising existing subsidies

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.

Opinion News

Demographic dividend; Only when society mobilises capital are jobs created

Jobs are created when industry grows and that is possible only when the society mobilises capital

Opinion News

Taxation Laws Amendment Bill: Throwback to the inspector raj

The Taxation Laws (Second) Amendment Bill, 2016, recently passed by the Lok Sabha, raises a number of very serious concerns

tax, tax rate cut, tax rate for cheats, tax rate defaulters, tax india, demonetisation, black money, tax cheat News

Demonetisation is a big gamble; here’s why

Removal of a malignant tissue involves a painful surgery; and the recent demonetisation of R500 and R1,000 notes is no exception.

Opinion News

A non-performing performance appraisal process

In our system of public management, connections, friendships and extraneous considerations usually matter much more than performance

A non-performing performance appraisal process

Here’s why corruption can’t just be legislated away in India

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

Opinion News

GST inextricably linked with taxation of personal incomes; here’s how

The current debate misses out on one important dimension that taxation of goods and services is inextricably linked with taxation of personal incomes

Opinion News

Gross National Happiness Index: Here’s how to focus on the right issues

Gross National Happiness index supplements the concept of GDP with a more holistic measure of development

Opinion News

Egalitarian middle & upper classes? No, India should focus on growth first

One of the most important thinkers, in recent times, to write about the problems of inequalities in modern societies is Thomas Piketty...

Opinion News

India’s missing income from the tax net

The tax collection data reveal that all the taxpayers taken together report incomes which are equal to only about 17-18% of the GDP

Opinion News

Challenges in wearing a Panama hat

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.

Challenges in wearing a Panama hat

Lessons from the Vijay Mallya episode

It presents a good opportunity to carry out fundamental reforms in the banking industry

Opinion News

Why are we still a soft state?

At all levels, most of us exercise the soft option of doing what is popular rather than what is right

Opinion News

Institutional reform of I-T dept: Taxman must avoid raising arbitrary demands

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.

Opinion News

Seventh Pay Commission Report: A tough challenge

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

Opinion News

Are we trapped in a low-trust 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

Are we trapped in a low-trust society?

Column: Cut in tax rates. Any takers?

India is one of the few countries where the Laffer principle has proved to have worked in modern times

tax News

Banning benami transactions: A tricky terrain

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.

Banning benami transactions: A tricky terrain

Column: Making tax compliance less taxing

It is important for tax administration to know why people pay taxes and why they do not

Column: Making tax compliance less taxing

Better to have restraint on retrospective taxation

Even with judicial constraints, the power to legislate retrospectively on tax matters is almost draconian in nature

Opinion News