Hasmukh Adhia, India’s revenue secretary, is finance minister Arun Jaitley’s chief aide for rolling out the Goods and Services Tax. Contrary to his first name, he never smiles, at least not in public. But even he can now take a break and smile. The GST juggernaut is careening ahead. In just over a week, India […]Read More Can GST make Hasmukh Adhia smile?
(photo credit: economic times.com) RBI Governor Raghuram Rajan got it horribly wrong when he amended PM Modi’s “make in India” program by adding a “make for India” byline in his FICCI address yesterday. What on earth could he have meant? Was he implying that the domestic economy should be further insulated from foreign competition? That […]Read More Gov. Rajan gets it wrong this time
The Land Bill 2013 is backward looking and shortsighted. Coming 119 years after the predecessor legislation in 1894, it fails on four counts. First, it does nothing to assure citizens that it shall rein in wilfull and unnecessary acquisition of property by the State, as has been happening in the past. Consider that there are […]Read More Land Bill: political gains, future losses.