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Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more


To meet its terms of reference, the 15th Finance Commission has recommended a separate mechanism for funding defence and external security but it has facilitated this by a reduction in grants to the states, which works out to Rs 1.5 trillion over five years. “As a consequence, the Commission has penalised the primary engines of development spending in India: The state governments,” the
top edit points out.
A more lasting solution would have been for the government to focus on improving tax collection as a percentage of gross domestic product to fulfill its obligations, the edit argues. Read it here.
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India , Narendra-modi , Aakar-patel , Facebook , Finance-commission , Bs-opinion , Curated-content , 15th-finance-commission , Indian-economy , Indian-companies , Gdp , Defence-expenditure