Several states that imposed prohibition in the past lifted it once revenue loss began to pinch
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
Seeking to blunt Bharatiya Janata Party's efforts to 'appropriate' legacy of Ambedkar, Sonia said, "Congress had given Dr Ambedkar his dues by appointing him as chairman of the Draft Committee of Constitution."
Nitish Kumar has to eschew disastrous experiments with prohibition and reservations in the private sector. Unless he is dissuaded from pursuing these flawed measures, he will pave the way for Bihar to again become a part of the BIMARU group of sick states, says Amulya Ganguli.
The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
Akshay Kumar makes some of those lines work, but things have gotten far worse this time around, notes Raja Sen
'Sonia Gandhi can't rejuvenate the party, her heir is fodder for stand-up comedians, and nobody in the Congress has the guts to question the Nehru-Gandhis.'
'Otherwise, how is the government going to make more revenue?' 'The most important thing the GST does is to transfer money from the household consumers who are the most productive users of capital to the most unproductive users of capital, namely the government.'
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.