Investment is crucial for economic growth as it enhances employment, income, output, and consumption. The state can step in by offering subsidies to entrepreneurs if private investment is lacking.
Trump's threat of an additional 10% tariff on India, alongside other BRICS members, is seen as leverage and arm-twisting tactics. This comes after initial talks of a trade deal, leading to skepticism about India's position.
The delay in the GST Council meeting has raised concerns about policy vacuums impacting prices, employment, and income. Suggestions include reducing tax burden, widening the tax net, and leveraging technology to enhance revenue.
The absence of taxes on health and term insurance is proposed as a way to empower the masses with affordable protection. The hope is for practical solutions to be presented in the upcoming council meeting.