In 2013 the well laid plans of the Indian planning commission and private sector of infrastructure led growth were stalled by the "policy paralysis". It is now clear that new forces are being unleashed to jump-start the rate of growth from this 'paralysis'. These forces will be autocratic, anti-democratic and anti-people, and therefore need to be closely watched.
Wednesday, April 22, 2009
Indian middle class affected by Urban reforms?
The opposition to the impact of reforms seems to be spreading like an epidemic from Surat to Guwahati and from Bangalore to Hyderbad, Mysore and Mumbai to Delhi. One of the crucial concerns of the middle class land owner is how to pay the increasing property taxes. The Unit area method introduced as an urban reform by the MoUD, GoI under JNNURM is causing the biggest difficulty for the urban middle classes since the rates of tax are now indexed with the land rates which have appreciated hugely compared to when they bought the plot / land. So in turn, now even with some depreciation the plot-owner ends up paying a huge property tax plus vacant land tax.
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