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Showing posts from August, 2016

Coffee

Overcast skies with a wet afternoon in store are the perfect foil to any good ideas it seems. As I kept waiting at the cafe, hoping for ____ to turn up, the depressing weather drew my attention towards it. Dark skies have this unique ability to draw your attention towards them more than anything else. Even in a market as busy as this, where the noise of the clanging metalware collides with the honking of vehicles packed like cattle on to a street, you cannot help but ignore it all, and continue staring into this bland emptiness. You see some odd people running around for cover, totally unhappy with all the water like a grumpy cat. And yet, they do not interest you more than a cup of steaming tea, while distancing yourself physically by a glass wall, and emotionally with a care-not attitude from the churning outside. "Can I join you?" I heard a voice, from behind me, and I turned around to see a somewhat young-ish girl staring at me earnestly. Nothing special ...

Why the GST Will Have Only A Marginal Effect On the Indian Economy - Yet It Is Important

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Arun Jaitley in the Rajya Sabha on an earlier occasion (Courtesy: The Hindu) The doors to this temple of the tax gods have been finally opened, and a new deity by the name of Goods and Service Tax (GST) is being prepared for installation with the Prana Pratishtha currently being undertaken in the Parliament's Upper House. While there are points being extolled in its favor, and state parties and regional leaders voicing concerns of revenue loss to their state administrative budgets, there is a near unanimous consensus on the bill being made a reality. The country is being unified into one market in terms of the indirect tax net. Even across the various cabals and lobbies the unanimous chants of 'this is a landmark reform' are gaining strength. Even as we scour the layers of discussions and platitudes piling up across various fora, the benefits are being overstated. Yes, there is a need for a simpler taxation structure, and yes, free movement of goods and services sho...