Prime Minister's Economic Advisory Council Chairman Bibek Debroy said on Friday that citizens should exert pressure on the government for effective policy-making and their conclusive implementation.
GST roll-out completes one year on June 30, it can be argued that while India has come a long way GST is still far away from an ideal taxation regime.
Doubting whether the Indian education system facilitates entrepreneurship, Niti Aayog member Bibek Debroy today said that 95 percent of the entrepreneurial attempts fail in the country.
Bibek Debroy, the chairman of the economic advisory council to the PM, slammed the pass-outs from top institutes for going to "elusive shores" after the studies.
Debroy said he had not urged the govt to rethink its plans for electrification of the railway network and replacement of its diesel fleet.
The DBT mechanism in various government schemes have helped the government save around Rs 65,000 crore (over $10 billion), NITI Aayog CEO Amitabh Kant said.
The Economic Advisory Council to the Prime Minister continued deliberations on employment generation and boosting economic growth during its third meeting.
Blaming India Inc's lobbying for tax exemptions, PMEAC chairman Bibek Debroy has said eliminating such exemptions can help increase the tax-to-GDP ratio.
Debroy said that corruption hits relatively the poor more whereas clamping down on it would impact the rich.
NITI Ayog member Bibek Debroy admits that demonetisation was a temporary shock on growth but asserts that the economy has now climbed back.