Prime minister Narendra Modi’s economic advisory panel has published a report called The State of Inequality in India. This report is prepared by the Institute for Competitiveness. This ironically named institute from Gurgaon has noticed the skewed income distribution of India and suggested the following government’s size enhancing measures, the Government should launch a guaranteed […]
Tag Archives: Taxation
13
Dec
Dec
When it comes to the political choices in India, Indians have no real choices. All political parties in India, in one form or another, are wedded to the ideology of socialism and its variants like communism. Whether it is the ruling BJP party or the major opposition Congress party or the Aam Aadmi Party, they […]
22
Apr
Apr
The German sociologist Franz Oppenheimer in his discussion of the political institution of the State divided the society in two classes. In his own words, There are two fundamentally opposed means whereby man, requiring sustenance, is impelled to obtain the necessary means for satisfying his desires. These are work and robbery, one’s own labor and […]
03
Jul
Jul
The finance minister of Narendra Modi government Mr. Arun Jaitley recently, in the Institute of Chartered Accountants while celebrating Chartered Accountants Day (sic), said that India should have a “new normal” with citizens ready to pay the taxes they need to pay and a new mindset to move from a developing nation to a developed […]
20
May
May
The Narendra Modi government is ready to implement its new tax regime viz., GST (Goods and Service Tax) from the month of July 2017. They have now announced the applicable tax rates for some 1211 products. The Finance minister Arun Jaitley is telling that under this new tax regime tax filing will become simple and […]