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Best of BS Opinion: Effects of overcapacity, Crucial choices and more

Here is the best of Business Standard's opinion pieces for today

A new and significant disclosure made by Finance Minister Nirmala Sitharaman in her Budget for 2024-25, presented on July 23 and approved by Parliament on August 8, has largely gone unnoticed. This disclosure is contained in Statement No 27-A in the

Illustration: Ajay Mohanty

Kanika Datta

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The 54th meeting of the Goods and Services Tax Council made some progressive decisions designed to introduce much-needed efficiency in the taxation system. But  the council will have some more crucial decisions to address in the coming months that are being studied by different groups of ministers, such as the GST on insurance, rate and slab rationalisation and the vexed issue of compensation cess. All these are vital issues that will make the GST system more efficient and improve overall tax collection, the top edit says.  Read it here

In other views:  

Ashok Bhattacharya explains how this year’s Budget makes a move towards greater transparency. Read it here
 

Ajay Tyagi focuses on the need for India to have a quantifiable and monitor-able plan to meet international climate commitments and facilitate smooth transition to a low-carbon economy. Read it here

The second edit argues that the government must find ways to cope with the China “rebalance”.  Read it here

QUOTE OF THE DAY

 

‘Entire families disappeared in the Mawasi Khan Younis massacre, under the sand, in deep holes’

 

Gaza official after Israel’s bombing of a safe zone

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First Published: Sep 11 2024 | 6:30 AM IST

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