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India’s move toward a de facto unitary state — Prabhat Patnaik

Summary:
Having persuaded states to give up their constitutionally mandated taxing powers by substituting their main revenue source, the sales tax, with a goods and services tax (GST)—administered by a GST Council dominated by the center—with the promise that their revenue shortfall will be made good, the center has now coolly reneged on that promise. States at present have no taxing powers (except over just three commodities); and the promised compensation from the center has not materialized.But it is not just control over resources that has been centralized….Under PM Narendra Modi India is consolidating power at the top. More neo-fascism?MR OnlineIndia’s move toward a de facto unitary statePrabhat Patnaik AlsoA downside of tradition.Sputnik International'Unique' Marriage System [based on caste]

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Having persuaded states to give up their constitutionally mandated taxing powers by substituting their main revenue source, the sales tax, with a goods and services tax (GST)—administered by a GST Council dominated by the center—with the promise that their revenue shortfall will be made good, the center has now coolly reneged on that promise. States at present have no taxing powers (except over just three commodities); and the promised compensation from the center has not materialized.

But it is not just control over resources that has been centralized….

Under PM Narendra Modi India is consolidating power at the top. More neo-fascism?

Also

A downside of tradition.

Sputnik International
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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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