We, the people of India Profile picture
Aug 29, 2020 5 tweets 2 min read Read on X
Federalism is a two way street. If the Federalism mean that the States have some autonomy and freedom, they also have to take the fiscal responsibility for it.

Union cant bankroll the States.
This #ChineseVirus is a force majeure. The Union cannot compensate the States for the revenue deficit, that is caused by this black swan event.
Some are saying that after GST, the States have no powers to increase taxes.

Do you know that tax on agriculture income is exclusively on the States' List. WIll any state dare to impose tax on agriculture income?
Raising tax rates and cesses is laziest option Govts have and good that reforms like GST put a stop to it (wish something similar for Direct Taxes)

Only fiscal options shud be:
-Expand the tax base, stop tax chori
-Cut wasteful expenditure
-Prioritise spend for max bang for buck
And if course, borrow money to create productive assets and Infrastructure. (but not for Opex, like karz le kar ghee piyo!)

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More from @India_Policy

Apr 24
Pakistan, and then India closed their airspace for each other in the aftermath of India's airstrike on Balakot.

How did each country fare, and who suffered more? Let’s break down the losses and understand why Pakistan buckled:
India’s Losses: Indian airlines took a hit of ~$78.6M due to rerouting flights after the Feb 2019 closure. Air India lost $70.1M, with IndiGo, SpiceJet, & GoAir losing $3.6M, $4.4M, & $0.3M
Pakistan’s Losses: Pakistan faced $100M in losses, mainly from lost overflight fees ($65.4M) & Pakistan International Airlines’ disruptions (~$34.6M). Daily losses hit $300K from 400 avoided flights, with PIA losing >$450K/day. 💰
Read 8 tweets
Jun 30, 2022
Why did BJP give up on the CM position in Maharashtra?

Here is what I think:
While the Shinde faction has got control of the legislative party, the political Party that is Shiv Sena is still in control of the Uddhav faction.

By making Shinde the CM, BJP has paved the way for Shinde to bid for total control of the Sena, including the party symbol.
Given the numbers, BJP will still be in control of the Govt and will be able to push through its development agenda, including the flagship Infrastructure projects that Fadavis started and which were stalled by Uddhav,
Read 9 tweets
Jun 29, 2022
Nonsense! Every Non-Muslim must know what the book, the core belief of Islam are for the non-Muslims.

That video is a good primer.
This mindset, the civilized world can never fight the barbarians,
They fight with what they have and can defeat the superpower.

They dont pervert the teaching, they actually follow the teachings of Prophet to the letter.

For them. to die is to go to 72 hoors!

Read 4 tweets
Jun 28, 2022
Any common Muslim can come nonchalantly and then suddenly execute his Jihad on us Kaffirs!

This unwatchable video is of cold blooded murder of a Hindu tailor, merely for his SM post in support of Nupur Sharma
The Islamic terror is now at our gates. What are we going to do about it?
Zubair marks the target and then these random Jihadis execute innocent Hindus. Image
Read 7 tweets
Dec 22, 2021
Brilliant speech of the Communist MP exposing the system of Judges appointing Judges has made the Judiciary Brahmin dominated.

Shouldn't Lord Chardachud, the next Brahmin CJI be passed over?
Despite being a dynast, Rahul Gandhi has to face elections and an Amethi can throw him out.

The dynasts of Judiciary, rockstars like Charachud have to face no test, no qualification, no criteria.

We have no option but to suffer the tyranny!
Nowhere in the world, this Judicial incest, the system of Judges appointing judges, in a totally opaque and arbitrary manner...
Read 5 tweets
Nov 30, 2020
In the times of the food scarcity of 1960, the monoculture of wheat and paddy made sense.

Today, the MSP system has led to a situation where wheat and paddy is being grown to rot, not only at great cost to us taxpayers, but also to our environment and to farmers.
Left to market forces, there is a natural feedback; if consumer demand for millet grows, the prices increase, sending a feedback to grow more of it in the next cycle, a glut in a commodity will send the price crashing and will be grown less in the next cycle.
Over a period of time, the market will ensure that the producers are producing as per the consumer demand.

The MSP systems cuts-off this feedback and has converted Punjab into a monoculture and a cancer belt.
Read 4 tweets

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