Economists urged FM to rationalise indirect taxes and impose Tobin tax.
The Tobin tax, first proposed by Nobel laureate James Tobin in 1972, is a sales tax on cross-border currency trades, aimed at discouraging speculation by making currency trading more costly.
India has remained obsessed with cheap capital and infrastructure spending when instead the central constraint on Indian development remains the abysmal quality of Indians' skills, says Mihir Sharma.
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