Kamal Morarka

GST Agitation: Govt. Needs Pro-active Approach To Assuage Traders’ Anger

Posted by Kamal Morarka under Blog
The president has been elected. There were no surprises. Ramnath Kovind is a responsible senior leader. I am sure he will do justice to his position. Of course he is from the BJP side but that is how it should be. The ruling party is always sponsors the presidential candidate, on should have no grudge for that. Other thing that is important is the GST. It is not easy to change the system in a short time. But a start has ...

For RBI Governor, Caution Is Better Part of Discretion

Posted by Kamal Morarka under Blog
The monsoon session of parliament is coming to an end and compare to the sessions since the Modi government took over this definitely been a better one. Not only shouting between the ruling party and the opposition was negligible but also a lot of legislative business got done. Of course the main business was GST bill but other bills are also being passed without an atmosphere of confrontation. It is a good augury for democracy. The GST Bill itself is ...

GST Agitation: Govt. Needs Pro-active Approach To Assuage Traders’ Anger

Posted by Kamal Morarka under Blog
The GST Bill is finally getting passed. Of course, over the last two years the BJP government has made it a big issue, as if the country’s growth depends on the GST. That is not so. GST is a form of taxation, which is adopted in many countries in Europe. It is not there in the USA. Whether it should be there in India or not, does not make a difference. It was mooted much earlier and throughout the UPA ...

Public Sector Should Generate More Employment

Posted by Kamal Morarka under Blog
There is not much political activities as much as the high decibel of noises on various matters, some relevant and some irrelevant. The Finance Minister has been saying that the GST bill may go through this monsoon session, so far so good. There are two problems in it. One, the Indian GST as envisaged keeps petrol and alcohol, which means it’s only 60 percent or what it should it be. In my opinion as bad GST is worse than no ...