Friday, December 11, 2015

RBI Governor Raghuram Rajan Delivers Dipak Banerjee Memorial Lecture at Presidency University Kolkata

The overall lecture is on debt and its place in a capitalist economy, but Dr Rajan also answers a question from the audience, which turned out to be the 'last question' - on the likely effect of the GST in India: "The GST will increase the tax take in India, not by increasing the effective or actual rate, but by broadening the base of potential taxpayers; and it will likely also decrease overall transaction costs, making India a truly common market."