Anti-black money initiative could mean a policy reform bigger than GST
The recent anti-corruption, anti-black money drive of the BJP is being characterised by the same intellectually old people as being against the interests of the poor.
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The recent anti-corruption, anti-black money drive of the BJP is being characterised by the same intellectually old people as being against the interests of the poor.
Rumours of even a 1 percentage point decline in GDP growth for 2016/17 are vastly exaggerated, have no basis in logic or fact.
A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth). Given this ‘unexpected’ result, will the knee-jerk critics of demonetisation please stand down?
It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.
The old elite won’t give up their privileges easily. They will try to derail the structural transformation happening in India and object at every turn.
Budget 2017-18 is probably the most brilliant economic and political document since the path-breaking budget of 1991
The economy provides scope and demonetisation, the rationale for a flat income tax rate and a negative income tax for the poor and the needy.
Make no mistake — demonetisation is an important first step in what will be remembered as India’s biggest reform.
Conservative intellectual rightness is no different from classic liberal thought, a definition that excludes the Left intellectuals, but includes the Right liberals
Politicians shouting shrill about demonetisation augur well for the prospects of a new demonetised India. It indicates that the initiative is working