Piketty was speaking at an event hosted by Delhi School of Economics (DSE) and Research and Information System for Developing Countries (RIS), an autonomous policy research institute.
Black money will stay with us till the end of time. We can only reduce it, minimise its distorting effects on our economy, and ensure that the poor are not bearing disproportionate costs.
The govt should have attempted to bring uniformity in taxation before withdrawing tax benefits on long-term capital gains on debt instruments, or at least debated it in Parliament.
India's attractiveness as an investment destination is not based on its low tax rates. Give the super-rich basic amenities in return for the higher tax and they'll stay and pay.
Pakistan finance minister's support for Shehbaz Sharif govt's call to tax the rich is a relief to those who were promised it during Imran Khan's reign.
Entrepreneur Jaithirth Rao's recent attack on Oxfam report on inequality ignores the fact that only the rich are getting richer in this beleaguered Indian economy.
The purpose of Covid cess is to cover for the money spent on vaccination as well as on assisting the poor during the pandemic. But public health is a state subject.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
COMMENTS