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Showing posts from September, 2015

What is GST ? I - The Conceptual Design

I am yet to come across an informative article in the mainstream media on what GST is and why is it an important milestone in the Indian economic history. The media, wedded as it is to sensationalism, hardly ever discusses it except in terms of skulduggery by Congress and BJP. Even when  it does , feebly or incompletely, as a result of the din it raises on other such banal issues around the affairs of a 'celebrity' murderess or about foolish acts like meat bans, people who want to maintain sanity tend to ignore them as a necessary mechanism of coping with life in present day India. What is more surprising is the quality of reportage in the pink press which should know better and try to create public opinion strongly in favour of GST. There is one from an economist in a premier national economic research bureau arguing that GST is being hyped up and it is not some magic wand that would boost our GDP numbers. There is another, more recent one in the editorial page