 Yeah, I think one reason why we are debating this whole thing is this there's a full squeeze on revenues You know because basically there's no spending happening You know, I I don't think this would have been a problem in 2007. You know 2006 But basically what is happening is the entire revenue is now getting squeezed, you know And that is why we are having this whole debate. I think the whole The the the entire assumption behind GST was that it would lead to a huge Buoyancy and revenues, you know, then then the states don't have to so so so you had first the 42 percent formula You increase the devolution from the from the center and the second was GST and and let's not make a mistake Every state supported this Okay, now there's no point in saying that It's not there and and and many states many many states said that, you know, since it's destination base So therefore we'll all benefit. Okay, so I don't think anybody went thought through this thing completely See on pay on paper something like GST makes absolute sense, you know I mean, it's a it's a wonderful thing that, you know, there should be no cascading, you know And each at each level so suppose I'm a say suppose suppose I'm making saris in in say surat So so the power loom guy, you know, he makes the he buys the yarn. He pays the tax Then he makes the the the say the the the the the the the the the the white cloth, you know And then he pays tax on it He claims credit and then that goes next to the the guy who's dying it and then and then that fellow then pays tax He then got this thing So the entire thing was based on an assumption that you know, there'll be a fantastic system where immediately you will have You know all these things. I mean, you will have tax Whatever this thing at each point, you know your your input tax credits You will get and it'll be a seamless kind of a system. Whereas what has happened is your entire Probably we are having one of the greatest de-industrialization maybe since the British times, you know What what we are seeing today, you know industries are closing like, you know, like Almost by the minute, you know, I mean and and and everywhere and jobs are disappearing like, you know Like I don't know flies and mosquitoes kind of a thing. So in such a scenario, nobody is spending There is no spending when there is no spending. There is no revenue generation, right? And and and initially everybody thought, you know that the formal sector will benefit Whereas without realizing that even ultimately a Hindustan liver and all is ultimately selling to somebody who's Who may know who may have been earning his money earlier in cash, you know Who would have been and and there was a lot of cash which was rotating within the economy today Now there is no circulation of cash. There is no spending and this is a classic recession, you know And and which India has never seen, you know a demand constrained This has never been a demand constrained economy for the first time We are seeing real estate prices falling again again now we have to see, you know What is the proportion of, you know, stamp revenue and these kind of things? How much is Is the earnings to the state? All these are being squeezed, you know And and on the other hand, they are trying to raise Revenues by all other kind of things like like for example now in UP now They've just raised power tariffs by about 12 percent at this time, you know I think I think the minimum power charge now in in UP is I think now seven rupees now, you know Which is which is unimaginable. So you will find all these new kinds of It's not only the center which is going to try to to protect its revenue turf through all these new surcharges I'm sure even states will try and work out some ways of You know raising revenues and all and these are going to happen at a time when you are going to have Continuing to have and a spending compression, you know So so so they will be a private so the private spending compression is already happening, you know And on top of that you are going to have even even even the governments sort of compressing their revenues So I think this entire this Finance Commission terms of reference all these things have lost complete relevance today, you know Because we are in a completely new kind of a thing The GST the compensation was supposed to be it assumed a 14 percent revenue growth What is the revenue growth now 4 percent 5 percent? Where is the money going to come from? So I think this is a very serious Thing you need to go as I think TK was saying you need to think beyond just whatever whether this one particular You know surcharge it has to do with a whole lot of things. What is going to happen spending? What is going to happen in the next two years? I think I think we need to look at the short term this long term and all is not going to work What is going to happen? You know, so this goes much beyond the Finance Commission. Thank you