"A flat rate is not progressive in an unequal society," Ficci Secretary General Sanjaya Baru told PTI, when asked about suggestions in some quarters for a flat income tax framework as is prevalent in countries like Russia.
He was delivering the fifth N J Yasaswy Memorial Lecture on 'The West and the Rest: The Geo-economics of a Multi-polar World' at the Institute of Chartered Financial Analysts of India (ICFAI) here.
At the launch of former journalist Sanjaya Baru's book '1991: How PV Narasimha Rao made history' here last night, Rangarajan also said Rao's Finance Minister and former PM Manmohan Singh had also played a pivotal role in rolling out the reforms but did not get due credit for his endeavours.
Columnist & Editor Shekhar Gupta, feels the arrival of the new government has been a bigger game-changer than Obama‘s visit, while Political analyst Sanjaya Baru compares the current situation to the relationship between Japan, US and China during the Cold War, which set the stage for China‘s rise as a political and economic power.
Scams can happen even if principal-agent interests are not seriously misaligned in a democracy, but when the agent appoints another agent, the second agent at the other end of the equation will see his job as not serving the real principal (the people), but the principal who appointed him.
For India to reach its target for cutting the budget deficit, Prime Minister Manmoham Singh would almost certainly have to raise prices for subsidised fuel products.
Congress' worst nightmare has come true, with just one victory in the five states that went to the polls. Experts discuss the implications of the election results on reforms.
Shobhana Bhartia, Chairperson, Hindustan Times Group and Member of Parliament, Rajya Sabha tells CNBC-TV18 that she will be surprised if FDI in retail does not get through Parliament.
Has the Prime Minister merely rearranged the chairs on the deck of the Titanic while the ship continues to sink or has the government reinvigorated itself and will we see a more dynamic UPA over the next three years?
In an interview with CNBC-TV18, Sanjaya Baru, Business Standard said,"All of us expect Amit Mitra to become Finance Minister of Bengal." He expects Mamata Banerjee to be a different person in government and she would focus on improving job opportunities in Bengal.
An apparent competition between State governments and even some central ministers to shower gifts of cash, land, houses or free travel on the World Cup winning cricket team has troubled many people. Is this a suitable and fitting reward or questionable or even possibly distasteful behaviour?
The Hindu newspaper's cache of Wikileaks cables is perhaps the biggest ever expose of the official but secret contract between American and Indian diplomats. CNBC-TV18's Karan Thapar discusses, the nature of the relationship, the extent to which information was shared as well as American pressure on critical decisions, with the panelists.
With the Union Budget announcement around the corner, Sanjaya Baru of Business Standard tells Udayan Mukherjee and Mitali Mukherjee, that he does not expect any surprises to be rolled out this budget. He believes that the Finance Minister has chance with this budget to prove he is a forward thinking policy maker.
Cabinet reshuffle - is it a meaningful exercise that will change the way the government functions and improve its image or has the Prime Minister merely rearranged the chairs on the deck of the titanic whilst the ship continues to sink.