Action points

1. Determine which goods or services are Enablers as defined above.
2. Determine the methodology for valuing such Enablers incorporating the nature and term of benefits and the differing costs for the extraction and processing, or application and implementation of each of them.
3. Public goods or resources should be allocated in a transparent manner which will allow for some immediate resources to be generated for the Government (say 5-10 percent of discounted value), and a guarantee of provision of goods and services to the public at reasonable costs as specified or, due to the competition, at even better cost, and an additional steady income to the Government from revenue share (say 20-40 percent or better) to be determined by auction amongst the bidders whose technical competence have been accepted by an earlier technical bid and by averaging the bid of the best three offers to avoid unrealistic offers from ‘outliers’. Also, see the recommendations for auction of spectrum above.
4. In all cases of auctioning such public goods there should be clearly specified guarantees for performance and specified penalties for non-performance.
5. The taxation policy for Enablers that by their use generate additional GST must be well calibrated to allow the best protection of such resources for the greater benefit of the Public.
6. Seek to encourage enhanced productivity and greater employment generation and more efficient use of all natural resources by a realistic and practical taxation regime that differentiates between goods and services for consumption and those that are enablers.
7. Finally recognize that energy availability is essential for development and therefore seek to incentivize the development of other energy sources, such as renewable energies and also, nuclear power, especially from Thorium which is safer than uranium fuel and is also, available in plenty in our Country and also, encourage new nuclear technologies being developed, such as the smaller and much safer plants that can be used from dispersed locations and buried deep underground there for greater safety.

(E.g.: Thorium based Molten Salt Reactors of about 50 Megawatts capacity each). Such Power Plants would be ideal to meet the requirements of large data AI centres.

Conclusion:

The taxation policy for Enablers that by their use generate additional GST must be well calibrated to allow the best protection of such resources for the greater benefit of the Public.

The aim should always be to not only provide an appropriate immediate benefit to the Government but to also, provide the best services or products at the lowest cost to the customer/citizen in a sustainable manner, so as to enable India to maximize the benefits from its resources not only in the immediate future but also, over the long term.

JAI BHARAT! – JAI HIND!

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