The economic development pattern of India during the first three decades after independence in 1947 was characterized by strong centralized planning, government ownership of key industries, excessive
The recently introduced Goods and Services Tax (GST) is the biggest tax reform in the fiscal history of India. After missing several deadlines and overcoming almost a decade of political differences,
After centuries of subjugation, India was a typically backward economy at the time of Independence in 1947. It exhibited the following features: (a) traditional and stagnant agriculture, (b) poor tech
The Government of India constitutes, as a matter of convention, a pay commission after almost every 10 years to review and make recommendations on the wage structure of Central Government civilian and
Taxes are as old as civilizations. Taxes are imposed so that a government may perform its traditional functions (defence, and maintenance of law and order), undertake welfare and developmental activit
In recent years, the issue of corruption and black money in India has come to the forefront after a series of financial scandals. The creation/generation of black money - and its stashing abroad in ta
Sury (president, Indian Tax Foundation, India) and Mathur (commerce, U. of Delhi, India) provide an overview of India's economic planning and its impacts since the establishment of the Planning Commis
