As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.

Ramifications of small decisions can be pretty large.

We cannot have a system that everything can be passed on to the final consumer in the garb of cost being recovered without being sensitive to their own problems and affordability.

Piyush Goyal Quotes