Waiting For A Big Ticket Reform

Connectivity is the essence of economic development without a doubt. To make connectivity, all pervasive five pillars are required for tsunami-like growth. They are: devices, content, applications, technology (mantra has to be application of technology to connect masses), and affordability. Simple economic principles tell us that with volumes comes economies of scale and affordability.

2021 saw some initiatives by way of incentives to produce more, relieve stress in the sector by grant of moratorium in payments of past dues to increase liquidity for investing in infrastructure. An important revision is the definition of what is deductible from gross revenues to arrive at Adjusted Gross Revenues (AGR) on which are based various government levies amounting to some 30 per cent-plus. These reforms are path-breaking indeed.