@sumanlayak promotes economic interventionism. On Modis early moves A This government is definitely pro-industry. The core team comprises Arun Jaitley who can surely get the best advisers to aid him. Nitin Gadkari has a track record of developing infrastructure in Maharashtra. More crony policies suggested by media folks A GST will be the most important action, but it may need a constitutional amendment. This measure alone can boost growth. If the government tries it can have all the states on board and we may have GST by April 1 next year. No central government has so far properly reached out to the states. The tax collection will be so high that the Centre can even guarantee states that they will get their normal tax collection plus 10%. Which state will refuse? I feel there should also be lower rates of taxes. Lower taxes have always worked in India resulting in higher tax revenue collection. Then, the government needs to incentivize manufacturing and also focus on increasing the ease of doing business. economictimes.indiatimes/news/news-by-company/corporate-trends/long-list-of-reforms-what-india-inc-expects-from-pm-narendra-modi/articleshow/37405192.cms?flstry=1
Posted on: Mon, 30 Jun 2014 08:04:13 +0000
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