While there are fewer exaggerated claims this time around on how demonetisation boosted India’s tax net, the cherry picking of data and selective analysis continue.
If drawn into a competitive tax war, India may need to make further concessions, which in turn will have negative consequences for our already troubled investment-GDP ratio.
What industry captains are looking forward to is how the government prioritises its expenditure and if it will follow up on its long-pending promise to rationalise corporate tax rates.
Vinod Dua discusses Yashwant Sinha’s article attacking Arun Jaitley and detainment of BHU students in Delhi.
Data shows that post demonetisation – announced on November 9, 2016 – the number of fatal instances in Kashmir have in fact gone up.
Potential challenges include the problem of resource raising, India’s fiscal consolidation promises and our energy security needs.
The economy requires a massive increase in government expenditure to overcome the drastic impact of demonetisation. But will this cause foreign capital to depart?
The finance minister needs to begin to think of strategies to counter the negative impact of a tax war on business taxation.
The Centre is effectively saying it wants a cashless economy for the millions who survive in an honest cash economy. The dishonest cash economy controlled by big business is allowed to continue and thrive.