The government has made an honest attempt at realigning economic incentives to drastically change human behaviour and make it easier for those who wish to be honest and incredibly tough for the dishonest. It will hit at the roots of untaxed, undeclared, taxable income
This may be a political move! The government intends to squeeze farmers in Uttar Pradesh, Punjab, Maharashtra and Kerala, among others. Modi seems to have unleashed a class war, putting systems against the poor and the lower-middle class
Arthakranti Pratishthan, an NGO based out of a nondescript rental flat in a predominantly residential Rambaug Colony, some 20 km from Pune Airport, is now gaining global attention. Considered to be the brain behind Prime Minister Narendra Modi's move of scrapping old Rs 500 and Rs 1,000 notes, the think tank stands for a complete overhaul of India's taxation system. In an exclusive interview with Joe Mathew, Anil S. Bokil, an engineer-turned-economic thinker, the chief architect of Arthakranti Proposal, talks about the merits of demonetisation and how it can lead to a black money free-cashless economy, if the government adopts all of the NGO's proposals. Excerpts:
Pierre-Yves Pouliquen, COO, Africa, Middle East and India, SUEZ - a key player in sustainable management of resources present in five continents - tells Sarika Malhotra about the pressing need for water management in India.
While the near-term economic logic may seem weak, the plan on black
money appears to be well thought out. Demonetisation is just one leg.
What has generated the fear psychosis is a combination of many things
executed over the past two years by the Narendra Modi Government.