Category Insights

Insights, a blog published by IMPRI.

The New Rule for GST by the Supreme Court?

The Supreme Court ruling holding the decisions of the Goods and Services Tax (GST) Council to be recommendatory, rather than binding on the Centre and the states, and that these nodes of federal power can legislate on subjects falling within their domain, brings welcome clarity on the tax. It does not undermine GST or undo the intent and purpose of the Constitution’s 101st Amendment that brought in GST. It strengthens India’s federal structure. The only damage the ruling does is to the boast that GST means one nation, one tax  — in any case, GST already has seven percentage rates: 0, 3 (on gold), 5, 12, 18, 28 and 28 plus sin-good-cess.

Inflation and Policy Options

Arun Kumar Inflation has become the biggest worry for the government. It is hurting the vast numbers of the poor the most but not sparing the middle classes either. This has social and political implications which ought to worry the…

INFLATION in 2022: Taming the Poor Indians

Krishna Raj India’s inflation and temperature levels are soaring high, affecting the poor and middle class the most. In contrast, the rich continue to be unaffected as they shelter under air-conditioners and affluence. India’s retail inflation estimated in applying the…

Talk to Us