%A Himadri Bhattacharya
%T Balance-sheet of demonetisation a year later
%! Balance-sheet of demonetisation a year later
%X A narrow direct-tax base, a retrograde direct-indirect tax structure, widespread tax evasion, complex tax rules, an inefficient and rent-seeking tax administration have been the hallmark of Indian taxation system since independence. Its dysfunctional nature has shaped the incentives of politicians, bureaucrats, businessmen and tax-payers, in general, in a way that engendered corruption and black money. 
%U https://www.thebillionpress.org/columns/economy/balance-sheet-demonetisation-year-later-1183