Posted inIndia, South Asia

India’s cash crunch puts national tax reform at risk

Indian Prime Minister Narendra Modi’s crackdown on the cash economy has shattered the consensus needed for a new national sales tax, plunging his boldest reform into limbo and threatening to entrench an economic slowdown. Modi’s government already had its work cut out to finalize a deal with India’s 29 federal states to launch a Goods […]

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