The Delhi government, led by Arvind Kejriwal, is set to oppose the proposed Goods and Services Tax (GST) on payment gateway transactions under ₹2,000 at the upcoming GST Council meeting. Finance Minister Atishi argues that this measure would harm small businesses and startups, contradicting the central government’s claims of promoting a cashless economy. She further criticizes the BJP for reducing research budgets and imposing GST on research grants, hindering the country’s progress.
IT industry stalwarts N R Narayana Murthy and Kris Gopalakrishnan have expressed their hopes for the upcoming government to foster an environment conducive to wealth creation and innovation. They advocate for ‘compassionate capitalism’ and ample opportunities for ethical entrepreneurs to drive economic growth. Additionally, they emphasize the need for increased investment in research and higher education institutions, suggesting that alumni should contribute more to their alma maters.
