The editorial “Work in progress” (August 5) shows that passing of the GST Bill in the Rajya Sabha is a triumph of the collective will to put nation above party interests. The Bill has many advantages over the earlier tax regime as it can help usher in a seamless business ambience across the country. It aims to reduce the cost of goods and services to the customer. States should see the long-term benefits of this and cooperate with the Centre to ratify the Bill.

Vikram Sundaramurthy


Execution matters

The execution of the GST law is going to be even more difficult and more delicate than its enactment. It would make a heavy claim on the hard and soft competencies of the people involved. The procedural link with technology, determination of maximum rate, drafting of State laws, etc. would be the test of technical skills. The delicate part would be how the Centre retains the cooperation of opposition parties and State governments in the legislation and implementation of the law. Already there are sounds of dissatisfaction from Tamil Nadu, Kerala and West Bengal.

YG Chouksey


Commoner’s concerns

The issue of taxes in its present form is somewhat familiar to people who pay for materials bought. But what would be the difference in one’s compulsions to paying the tax after the GST becomes operational and its impact on goods and services is little known to the ordinary citizen.

The government should now take the initiative to enlighten the public on how the new tax system would impact on the people when it becomes operational. The Economic Advisor to the government should take the initiative to publish an official note on the new tax system and its impact on the ordinary man’s personal economy.

TR Anandan


Home truths

This refers to the report “RBI sets up panel on household finance” (August 5). The proposal to set up a committee to look at various facets of household finance in India, according to the RBI, came up during the meeting of the Sub-Committee of Financial Stability and Development Council (FSDC-SC) held during April, 2016.

The RBI, particularly its research and statistics departments make ongoing internal studies on several aspects relevant to policy formulation and many of the findings get incorporated in the bank’s regular publications such as RBI bulletins and reports as also ‘occasional papers’. The proposed comprehensive study by experts which will cover various aspects of sources and uses of funds by Indian households will undoubtedly be a valuable document which can change the direction of thinking in favour of much talked about ‘financial inclusion’.

Perhaps, the study could be made a joint effort of GoI and the RBI and by expanding the terms of reference given to the panel, the committee could be made an empowered body to go deeper into patterns of savings and investment by individuals and institutions.

MG Warrier


AAP clipped

The Delhi High Court has cut the AAP to size by categorically ruling that Delhi continued to remain a Union Territory with the Lieutenant Governor as its administrative head and not the chief minister. The court also stumped the AAP by quashing notifications issued by Kejriwal terming them as illegal as they were issued without the Lieutenant Governor’s concurrence.

However, with the AAP government deciding to challenge the ruling in the Supreme Court the fight is not over yet.

NJ Ravi Chander


Trump must go

Everything a leader represents, says and does is reflective of his personality. The world watches in stark terror how Donald trump embodies all the very worst in human nature —bigotry, xenophobia, sexism and racism. For all her failings Hillary Clinton is a far safer bet than Donald trump.

G David Milton

Maruthancode, Tamil Nadu


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