Other GST council like body suggestion - transportation planning body for grant allocation, especially for supported projects like metros, railway lines, etc. Water planning body
I have reasonably long work experience with both Japanese and American companies. From day-to-day-operation to working-philosophy, the work culture is as different as chalk and cheese. What is good? What is not so good? That is very difficult to judge for a layman like me. Despite all their drawbacks, the Japanese people seem to be doing reasonably well.
If anybody is doing any research on this needs an interview, I will be happy to provide my examples and datapoints.
On federalism, I agree that the centre should devolve much higher proportion of central revenues to the States. This will also call for hundreds of Central schemes to be transferred to the States, leading to elimination of a tool available to the Central governing party to appear to be "doing something" by announcing a scheme for every problem. This may be politically very difficult.
Another suggestion would be to increase the central allocation to states while simultaneously mandating that Stamp duty collection and utilisation is entirely shifted from State to local governments. This will not only provide revenue generation source for local governments, but will directly correlate with how well the local government is able to utilise this revenue to provide local services (and thereby impact the property prices).
On federalism, true federalism is where the Union Government has minimal powers, like currency, foreign affairs and National defence. All other powers should be with the States. India is too centralised and that I think is disastrous for a vast country like ours. Maybe you can elaborate on this aspect in a later issue.
You are spot on when you say there should be greater fiscal devolution to local bodies.
A smpler conclusion of the Japan story may be 'impermanence ("anicca") is everything' - there's a lovely histomap covering 4000 years of rise & fall by John Sparks - I wrote about this 8 months ago https://rajeshachanta.substack.com/p/inflation-and-impermanence
Other GST council like body suggestion - transportation planning body for grant allocation, especially for supported projects like metros, railway lines, etc. Water planning body
Japan fascinates and puzzles me.
I have reasonably long work experience with both Japanese and American companies. From day-to-day-operation to working-philosophy, the work culture is as different as chalk and cheese. What is good? What is not so good? That is very difficult to judge for a layman like me. Despite all their drawbacks, the Japanese people seem to be doing reasonably well.
If anybody is doing any research on this needs an interview, I will be happy to provide my examples and datapoints.
On federalism, I agree that the centre should devolve much higher proportion of central revenues to the States. This will also call for hundreds of Central schemes to be transferred to the States, leading to elimination of a tool available to the Central governing party to appear to be "doing something" by announcing a scheme for every problem. This may be politically very difficult.
Another suggestion would be to increase the central allocation to states while simultaneously mandating that Stamp duty collection and utilisation is entirely shifted from State to local governments. This will not only provide revenue generation source for local governments, but will directly correlate with how well the local government is able to utilise this revenue to provide local services (and thereby impact the property prices).
On federalism, true federalism is where the Union Government has minimal powers, like currency, foreign affairs and National defence. All other powers should be with the States. India is too centralised and that I think is disastrous for a vast country like ours. Maybe you can elaborate on this aspect in a later issue.
You are spot on when you say there should be greater fiscal devolution to local bodies.
A smpler conclusion of the Japan story may be 'impermanence ("anicca") is everything' - there's a lovely histomap covering 4000 years of rise & fall by John Sparks - I wrote about this 8 months ago https://rajeshachanta.substack.com/p/inflation-and-impermanence