M Govinda Rao

Policy path forward: Balancing inflation control and growth revival

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

India's federalism dilemma: Cooperative model or competitive reality?

Much as India desires the existence of cooperative federalism, what it often witnesses is competition

Second-Gen GST reforms needed for simplicity, equity, competitiveness

Streamlining rates and expanding GST coverage can enhance revenue and reduce distortions; political buy-in remains a key challenge

Tyranny of GST status quo: Incremental changes fail to address the problem

The reluctance to undertake comprehensive rate rationalisation, fearing revenue loss, is short-sighted

Onwards to Viksit Bharat

Initiating policy reforms on the priorities outlined in the Budget without delay is crucial for India's developmental goal

Union Budget 2024: Fiscal balance amid coalition compromises

Tinkering with rates proposed in the Budget does not change the protectionist stance and there is a need for rethink on the issue

Towards a good and simple tax

Despite making gains, next-generation reforms are required to expand and streamline the GST

Decentralisation reality vs rhetoric

Both the ruling party and the Opposition seek to empower local bodies, but rectifying a crucial 'birth defect' in decentralisation is the first step for progress

M Govinda Rao: Tracing GST's evolution as an idea

MODVAT was introduced in 1987 without unifying rates, leading to confusion and loss of revenue

Planning in difficult times

Bridging the tax gap