This refers to your edit “Beginning the clean-up” (May 8). The postponement of the General Anti-Avoidance Rules (GAAR) for a year and the removal of TDS on property sales underline the fact that the Budget was drafted without careful consideration. So, Pranab Mukherjee has done well to announce the rollback of some of the contentious proposals in the Budget and this will go a long way in boosting market sentiment. Even as some may feel that the GAAR should be scrapped, a year should be enough for all stakeholders to iron out the details and come to a conclusion on key issues. Your edit rightly concludes that wide public consultation is necessary for effective governance. Hopefully, the government has learnt its lesson and will take its allies, the opposition and critical stakeholders into confidence before passing Bills and making policies.
Bal Govind, Noida
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