Reform Challenge of Mr. Mukherjee
President's address to Parliament has dashed any residual hopes that United Progressive Alliance II (UPA II) might use its clear-cut electoral victory to introduce systematic radical reforms. Yet reform advocates must persevere.
The President's address to Parliament has dashed any residual hopes that the United Progressive Alliance II (UPA II) might use its clear-cut electoral victory to introduce systematic radical reforms. Yet reform advocates must persevere.
There remain enough reforms 'in transition' that a series of incremental actions could still make a dramatic difference. Simultaneously, there is considerable scope for the introduction of radical reforms in the social sector to which the UPA accords high priority.
There remain enough reforms 'in transition' that a series of incremental actions could still make a dramatic difference. Simultaneously, there is considerable scope for the introduction of radical reforms in the social sector to which the UPA accords high priority.
Perhaps the single most important reform that the finance minister can safely push is the comprehensive Goods and Services Tax (GST). As Dr Vijay Kelkar, chairman, Thirteenth Finance Commission, noted in his brilliant address at the convocation at the Indira Gandhi Institute of Development Research, this reform promises vast benefits via improved productivity.