The reliance on indirect taxes such as GST and fuel tax – which taxes all citizens, both poor and rich, equally – as a source of government income is hurting the poor badly.
Budgetary allocations matter more than the speech February 18, 2021, 3:10 PM IST
Sanjeev S. Ahluwalia is currently Advisor, Observer Research Foundation, New Delhi; His speciality is economic governance, institutional development and political economy. He also hosts a blog: www.ahlu-india.com and is an Honorary Member, Advisory Board, The Energy Research Institute (TERI), New Delhi and Honorary Member, of the Governing Council of the Centre for Infrastructure Regulation and Competition (CIRC), New Delhi.
https://ahlu-india.com
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Finance Ministers have an uncanny way of figuring out what makes the fish bite and neutralizes the sceptics. Nicely rounded words in the budget speech – like phonetic “quick wins” – come in handy to send the roosters crowing a new Dawn.