Summary:

While the Artha Kranti proposal is a clear example of the type of ‘out of box’ thinking that is required to sort out and improve on the problems and circumstances that we all face in our Country, this proposal is not practical.

The preamble describing the present circumstances is fairly and accurately done, but the solutions are rather simplistic and not as realistically practicable as is portrayed. also, many of the solutions to the problems are all sought to be made better by greater involvement of a benign government (which world wide experience has shown to not exist). The solutions are not natural and self regulating to create the effect of the reforms suggested.

Highlights

The Artha Kranti proposal is an example of ‘out of box’ thinking. However, this proposal is not practical. (See – Annexure below for some of the ways why it is not workable).

The preamble is fairly and accurately done, but the solutions are rather simplistic and not as realistically practicable as is portrayed. Also, many of the solutions to the problems are all sought to be made better by greater involvement of a benign government (which world wide experience has shown to not exist). The solutions are not natural and self regulating to create the effect of the reforms suggested.

An alternate proposal to the ArthaKranti proposal calling for a Consumption / Goods & Services Tax (GST) is as given below by the Institute for Democratic and Economic Affairz (IDEAz) The GST has since been implemented, though it still requires to be made simpler to apply and made more comprehensive. (See- Equity in Taxation & Comments on I.T. and G.S.T).

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