Impassioned debate has broken out once again over the efficiency and equity of the Goods and Services Tax (GST) following a Supreme Court ruling. But now that GST is beginning to fulfil its potential as a buoyant revenue source, there are ways to reduce Centre-state friction and it is important for cooler heads to prevail and compromises be found to restore the workings of a cooperative GST system, Josh Felman and Arvind Subramanian write. Read it here
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Jaimini Bhagwati says the undeclared war between Russia and NATO countries via Ukraine has thrown up opportunities