For all those clamouring about lack of "animal spirits" to fuel the Indian capital markets, well, besides the removal of "Angel Tax" and the "FPI surcharge" last week, what the Narendra Modi-led government truly deserves kudos for, is its ability to take the bull by its horns and give the "bears", a run for their money!
Arun Jaitley's biggest contribution ever will be making GST, India's historic indirect taxation reform, into a practical reality, by his sheer ability to build an eloquent consensus cutting across divergent political compulsions of diverse states.
5th August 2019 will go down in the annals of posterity as an epoch making day, with Prime Minister Narendra Modi and Home Minister Amit Shah creating history and re-organising the map of India, by revoking Article 370 and Article 35-A.
Inclusive, well rounded, ambitious, middle class friendly, pro women, rural centric and above all, a growth oriented Budget that is not shy to set the bar high, with a clear roadmap to give wings to Modi's vision, is the defining undertone of Budget 2019.
The Goods and Services Tax (GST), which is based on the premise of “One Nation One Tax”, makes India a unified common market. It is a single destination-based multi-stage tax on the supply of goods and services, right from the manufacturing to the consumption stage.