Aman Kumar Singh (for Info only, not official)


Aman Kumar Singh

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    ...Canada’s Constitution explicitly mandates the free flow of goods and services within the vast country.But its bureaucracy has devised ways of slowing down internal trade by creating the need for licenses and permits from every municipality and utility company.According to the Canadian Senate’s Banking Committee, the annual losses from internal trade barriers is approximately $99 billion.The cost of trade barriers in India could turn out to be equally shocking.There is a near unanimity on the potential of GST as a gamechanger.On the one hand the government is encouraging enterprise through initiatives like Make in India, Start-up India and a focus on improving “ease of doing business” and on the other hand it is bringing in changes in labour laws, the direct tax code to replace the archaic Income Tax Act of 1961 and a new bankruptcy law to protect the interests of key stakeholders. ...

    Indian Express on Aug. 26, 2016, 12:04 a.m.