Extreme automation is leading to massive job destruction globally. But can India escape this phenomenon through focused policy interventions such that, unlike in the past, GDP growth also leads to job creation?
Governments need to move from the current framework of a Tax Oriented Administration (TOA) to a Service Oriented Administration (SOA), wherein, a significant amount of government revenues come from services rendered rather than from taxes
The budget appears to have done an excellent balancing act between the acute pressures of government spending needed at this time of the pandemic. However, the budget seems to continue the regime of penalising all non-UPI stack digital payment mechanisms.
India needs to build a messaging interoperability platform that would allow messages to be exchanged cross-platform, providing true choice to digital citizens globally. It would also provide the tool of digital diplomacy for its foreign policy.
Basic economics shows that indirect taxation distorts the economy and how direct taxation is discriminatory in nature, as many are outside the purview of direct taxes.
