Dr Jitendra Singh, Minister of State, Prime Minister’s Office.
How will the Goods and Services Tax impact India’s economic future?
It is a revolutionary reform. It is for the first time in 70 years that there has been a true reassertion of our commitment to the federal structure. This will bring in a new culture of cooperative federalism.
What about the transition phase? Do you foresee any problems?
Initially, for three to four months, there will be problems of transition because of an initial hesitation. But, that is normal. Inherently, human beings are status quoist. So, there might be a short period where there may be paucity of certain goods and fluctuation of prices. But, in the long run, it will not only streamline prices, but also reduce prices for certain goods.
From the point of view of the consumer, there is a long list of items that have been exempted, including dairy products like milk, buttermilk and curd, cereals like wheat and common household items such as toothpaste and tooth powder. So, this is going to be a win-win situation.
Denne historien er fra July 30, 2017-utgaven av THE WEEK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 30, 2017-utgaven av THE WEEK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The female act
The 19th edition of the Qadir Ali Baig Theatre Festival was of the women and by the women
A SHOT OF ARCHER
An excerpt from the prologue of An Eye for an Eye
MASTER OF MAKE-BELIEVE
50 years. after his first book, Jeffrey*Archer refuses to put down his'felt-tip Pilot pen
Smart and sassy Passi
Pop culture works according to its own unpredictable, crazy logic. An unlikely, overnight celebrity has become the talk of India. Everyone, especially on social media, is discussing, dissing, hissing and mimicking just one person—Shalini Passi.
Energy transition and AI are reshaping shipping
PORTS AND ALLIED infrastructure development are at the heart of India's ambitions to become a maritime heavyweight.
MADE FOR EACH OTHER
Trump’s preferred transactional approach to foreign policy meshes well with Modi’s bent towards strategic autonomy
DOOM AND GLOOM
Democrats’ message came across as vague, preachy and hopelessly removed from reality. And voters believed Trump’s depiction of illegal immigrants as a source of their economic woes
WOES TO WOWS
The fundamental reason behind Trump’s success was his ability to convert average Americans’ feelings of grievance into votes for him
POWER HOUSE
Trump International Hotel was the only place outside the White House where Trump ever dined during his four years as president
DON 2.0
Trump returns to presidency stronger than before, but just as unpredictable
