(Bloomberg Opinion) — When senior politicians start talking about technicalities of obscure financial regulations on mainstream TV you can be sure something is up. Treasury Secretary Scott Bessent did just that in the middle of the US bond market selloff last Wednesday, a few hours before President Trump postponed most of his Liberation Day tariffs….
The word ‘regulation’ comes from the Latin ‘regula,’ meaning ‘a straight stick’—but in India, regulations resemble a pretzel, twisted beyond recognition. Also Read: Andy Mukherjee: India has slashed income tax but still needs to snip red tape To untangle this mess, the panel should follow these principles: Cut redundant rules instead of layering new ones,…
Depending on whom you ask, India’s government is either being bold in raising the effective threshold for paying tax by 1.7 times. Or it’s a tacit admission that consumption taxes are so high that even people making five times the average adult wage are struggling to fork out income taxes. As I wrote in January,…
With globalization in retreat and global growth impulses weakening, how can India’s economy sustain a pace of 8% expansion for at least a decade? As Economic Survey 2024-25 notes, that’s what Viksit Bharat would need. Its most notable prescription, thus, is deregulation. Business activity should not be micromanaged and governments in general would do well…
The CEA’s fervent wish is reminiscent of what Samuel Johnson once said of second marriages. They represent ‘the triumph of hope over experience.’ The reason is simple. The Survey is authored by technocrats under the leadership of the CEA, who, unfettered by the compulsions of realpolitik, are free to make suggestions that most democratically elected…
