My ultimate hack to take India to 8 pc GDP growth rate:
1. Declare that India will no longer hike taxes ever. Only downward revision in rates possible
2. Govt will no longer litigate in 99.99 pc of tax cases after ITAT and CEGAT loss. So settle Vodafone case honourably

3. Govt will honour every business contract that it has ever signed. So resolve Hind Zinc, Balco, Tata-VSNL etc ASAP
4. TDS and Advance Tax abolished
5. Advance rulings on all tax matters in 7 working days to provide 100 pc certainty to businesses for ease of business

8. All Govt contractors to be paid within 30 days of invoice, if disputed amount, then on account payment of 90 pc, balance 10 pc within 90 days
9. Include all pending goods into GST
10. Watch the economy take off and be the cheerleader and not the Wall
@PMOIndia @nsitharaman

11. Remove collection targets for tax officials by recognising that tax is a function of growth and efficiency. So tax officials only have targets related to increasing tax base through data triangulation and surveys
12. All officials who raise frivolous demands to be punished

13. Government revenue litigation to reduce by 80 pc in existing court cases. Time to free the judiciary to work in disposing cases of the common man.
Bal 20 pc cases only are likely to be relevant