Moving forward on GST

With the Budget presentation out of the way, the government should now take swift initiatives to move forward on some important reform areas that are not contentious. Unfortunately, contrary to the hope of many, the government missed the opportunity to provide clear signals on reforms which could have helped to revive the market sentiment. Now, the only hope for the ruling coalition to come back to power is to use the remaining window of a year-and-a-half to show its clear intention through some important initiatives on reforms. One area where it can gain a lot of goodwill is in persuading the states to move ahead in introducing GST.

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