On April 1, 2017, a hundred farmers from the southern state of Tamil Nadu (TN) with half shaven heads and moustaches, rolled naked on the roads in the scorching Delhi heat. Praveen Chakravarty explains why through an analysis of how central tax revenue is distributed. He writes about the saga of India’s federal taxation quagmire. To be clear, this column is not about the ideology or economics of farm loan waivers but about India’s fragility as a tax union.
Published on 01 June, 2017 in BloombergQuint