ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Calcutta Diary

Are the current enthusiasts for the turnover tax at all sure that their labours will lead to an integrated national market? Should the fiscal switch-over lead to a dramatic shrinkage in the earnings of state governments, the latter would be unable to implement even the minimal tasks for assuaging the needs of the community at large. The culmination could then be large-scale civil disturbances all over the country. Instead of integration, we will then end up with disintegration on a frightening scale.

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