India Needs GST 2.0

Source: FL Subject: Economy Context: The Justice Kurian Joseph Committee on Union-State Relations released a landmark report advocating for GST 2.0. The report warns that the current GST framework has eroded the fiscal autonomy of States and needs a second generation of reforms to restore the federal balance and fix the broken digital tax backbone. …

UPSC Editorial Analysis: Managing Regional Economic Divergence in India

General Studies-3; Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.    Introduction The Economic Advisory Council to the Prime Minister (EAC-PM) released the report “Relative Economic Performance of Indian States (1960-61 to 2023-24)”. The study assesses states’ contributions to national output and compares their per capita incomes with the …

India’s federalism is in need of a structural reset

Source:  TH Context: The debate on India’s federalism has been reignited following the submission of Part I of the Justice Kurian Joseph Committee Report. Commissioned by the Tamil Nadu government, the report advocates for a structural reset to restore state autonomy and right-size the Union’s role in governance. About India’s federalism is in need of …

Ambedkar’s Contributions to Indian Economy

Syllabus: History Source:  IE Context: On the occasion of Ambedkar Jayanti 2025, renewed attention is being given to Dr. B.R. Ambedkar’s contributions to India’s economic thought, highlighting his pioneering work in monetary policy, labour reforms, and land rights for Dalits. About Ambedkar’s Contributions to Indian Economy: Foundation of Monetary Policy: Wrote The Problem of the …