The new tack that the Narendra Modi government has spelt out on economic policy needs proper understanding, to figure out whether it will work. For it includes not just the privatisation of government-owned companies but also of more sectors — like power distribution, where consumers are now promised choice of supplier.
There is the promise of a change in attitude. For, while praising wealth creators, the government has also talked of de-criminalising company and tax laws, and further de-personalising tax assessments. This promise of a friendlier business environment and a less ...
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