Singh said that the principles of the Good and Services Tax (GST) council can be adapted to other areas of the Indian economy, including agriculture, the social sector, and, more specifically, the digital economy . Singh said that the key decision to be taken would be on the amount of taxes that can be levied and the benefits that these taxes would provide in facilitating decarbonization .
New Delhi, December 10: Singh said that the principles of the Good and Services Tax (GST) council can be adapted to other areas of the Indian economy, including agriculture, the social sector, and, more specifically, the digital economy, and that active participation of the Indian states would be crucial to meeting Indias net zero goals.Singh stated that minimising the likelihood of disruption in this transition would be a high priority area, and that it is imperative to devise a strategy in which the states could be active participants in the process.Singh also discussed the convention of Indian Industry's annual Conference on Centre-State Partnerships: Reforms, Exports, Sustainability.In terms of decarbonisation, he said that the key decision to be taken would be on the amount of taxes that can be levied and the benefits that these taxes would provide in facilitating decarbonization.
The changing agriculture practices would be crucial to reducing fossil fuel emissions and facilitating the green transition in this context.Singh said that 80 percent of India's exports come from just six states, with 22 states contributing nothing to the country's overall exports.Singh emphasized that incentivization is essential to enhancing and enhancing India's export potential.Singh said that incorporating states that are not participants in the process is crucial, while noting that the Northeastern region has a significant opportunity to become a major exports multiplier. Singh added that a strong grant for seed capital could assist in the development of new cities, which the ministry of urban development must consider for reducing unplanned urbanization.He also suggested that instead of untied grants, tied grants be given to panchayats that are aligned to national priorities.Singh also praised the government's recent efforts to tackle the future challenges in India's energy sector, citing the need for at least one think tank or research institute at the state level.He said that the legislative changes that have been made to tackle obstacles in the power industry, such as the issue of unpaid dues, are likely to have some positive outcomes.