How did the actual experience with GST turn out to be so different from the promise held out for it? What is that one big reason why the “ease of doing business” in India has improved over the last six years but not much? Do we have an answer yet to that question Ronald Coase asked in the 1950s about the optimal number of transactions for a firm? Alokananda Chakraborty sums up.
When emerging from the coronavirus crisis, the government must consider a fresh approach to reviving growth, revisiting the Centre-state fiscal balance, and devising a re-imagined GST 2.0, writes