It is nothing but cleverly passing the buck. The major causes for high
and persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of the wrong
economic policies have lead to high Current account and Fiscal Deficits having a
direct bearing on inflation. Besides the taxation policies both direct and
indirect pursued so far have added to inflation both on demand and supply sides. The taxation
policy has widened the gap between the haves and have nots which has resulted
in heavy demand for the limited supply of goods. Indirect taxes such as Service
tax have increased the costs of input everywhere leading to greedy pricing of
products and services in the name of taxes levied. Further, the periodical fuel
prices increases have an inflationary impact. Corruption black money and other
mal practices pursued due to administrative lapses have also had its impact on
inflation. The Central governments' failure both on leadership and Governance naturally influence the State
Governments and the public at large suffer.The generalized inflation now experienced by the economy due to direct and indirect taxes has no immediate and workable solution. Entire taxation policy has to be revamped to start with.
Dr.T.V.Gopalakrishnan
(This comment is in response to the news report State Governments to be blamed for high inflation that appeared in ET dated 13/12/13)
State governments to blame for high inflation: Finance Minister
It
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation both on demand
and supply sides. The taxation policy has widened the gap be ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
It is nothing but cleverly passing the buck. The major causes for high
and persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of the wrong
economic policies have lead to Current account and Fiscal Deficits high have a
direct bearing on inflation. Besides the taxation policies both direct and
indirect have added to inflation both on demand and supply sides. The taxation
policy has widened the gap between the haves and have nots which has resulted
in heavy demand for the limited supply of goods. Indirect taxes such as Service
tax have increased the costs of input everywhere leading to greedy pricing of
products and services in the name of taxes levied. Further, the periodical fuel
prices increases have an inflationary impact. Corruption black money and other
mal practices pursued due to administrative lapses have also had its impact on
inflation. The Central governments' failure both on leadership and Governance naturally influence the State
Governments and the public at large suffer.Time the FM realise this and
introspect.
t
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation both on demand
and supply sides. The taxation policy has widened the gap bet ..
It
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
It
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation ..
Read more at:
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/27231806.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
It
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation ..
It
is nothing but cleverly passing the buck. The major causes for high and
persisting inflation is failure of the Government in initiating policy
measures both on administrative and economic fronts. Further, some of
the wrong economic policies have lead to Current account and Fiscal
Deficits high have a direct bearing on inflation. Besides the taxation
policies both direct and indirect have added to inflation both on demand
and supply sides. The taxation policy has widened the gap be ..
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