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New direct tax code fails to connect
July, 30th 2010

Not only do the armchair Planners - or the more active implementers of the unplanned Plan - have yet to prove to us that they have vision of the India they wish to build, but the men in power have also shown themselves to be clueless about how they wish to finance that massive infrastructure build out.

Take the Direct Tax Code that is being showcased for comments before it winds itself into law. Most of us are aware about the high savings rate in India and most of us know about the need for a large amount of money to fund any infrastructure effort. Yet, the DTC fails to connect these simple dots: the savers of capital and the projects that need them.

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