governance
politics mg devasahayam
Following the global recession, the Indian economy is
possibly heading towards a tail-spin. Responding to this crisis, Prime Minister
Narendra Modi invited top industrialists and businessmen to discuss ways and
means to revive the economy. Their panacea was the Goods and Services Tax
(GST), easy land acquisition, reduction in interest rates and labour reforms.
Viewed practically, these suggestions cannot stand objective scrutiny.
Implementing GST would equalise the tax rates on goods consumed by the rich and
the poor.
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