Prime Minister Narendra Modi’s war against black money has got an unanticipated antagonist right on the other side of his table. The cherished Goods and Services Tax (GST) will be the first major policy which will go against the ideals of demonetisation and transformation of Indian financial behaviour in an era of less cash.
Gold and r [...]
Even if one doesn’t buy everything that Prime Minister Narendra Modi claimed in his Parliament speech on Goods and Services Tax (GST), one should acknowledge that this is one of the most crucial structural indirect tax reforms in the last 25 years of liberalisation.
This may not effectively clamp down on inspector raj, or turn the consumer i [...]