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Salil Arora, Advocate is Chief Consulting Officer of his law firm Amicus Rarus.  He has indepth knowledge of functioning of investigating agencies as well as nuances of law relating to Customs, Excise, money laundering and GST laws. He has previously worked with Clifford Chance (India) and Bank of China Aviation, Singapore dealing with aircraft leasing and financing. He has co-authored Prevention of Money Laundering Act, 2002- A Commentary (II Edition)" in association with Mr. Somesh Arora, Author, published by Oakbridge Publications Pvt. Ltd.

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Fiscal discipline: resist electoral promises that shift recurring costs onto taxpayers and undermine budgetary stability.
Electoral campaigns and post election welfare promises shift recurring fiscal burdens onto taxpayers: corporate donors cover immediate campaign outlays while promised subsidies, free utilities and guaranteed employment create long term public expenditure commitments. Although GST and fiscal frameworks have improved accountability at the Centre, significant unrecorded spending and state level promise making evade constraints. Voters, taxpayers and judicial oversight are urged to check unsustainable electoral pledges that threaten fiscal discipline and persistent tax increases. (AI Summary)
Author
Date 31 Jan 2024
Salil Arora
Organization
Organization

Amicus Rarus-

Connected
Connected

October 2022