Global companies, like Apple, have a plethora of possibilities to avoid paying taxes. Mostly, they use loopholes created by lawmakers. Now, these tax dodging schemes are coming under scrutiny. The Senate governmental affairs subcommittee in...
Reduction in poverty has been the major goal of developmental planning in India since independence and has been the prime focus of the Indian government through all the five year plans, beginning in 1951. But...
“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who...
The reluctance of the RBI to reduce interest rates had primarily been on account of the fact that the government has not moved on the fiscal front to control the level of fiscal deficit and...
It’s been all over the news – India’s Supreme Court struck down the patent appeal by Novartis, a Swiss pharma company, for a new crystal form of its anti-cancer drug Glivec, stating the modifications were...
News reports would like us to believe that peacekeeping forces are preparing to leave Afghanistan in 2014. If that is so the dynamics of South Asia are set to change, and at a rapid pace. For...
Budgets are a complex Prisoner’s Dilemma[1] problem where hidden expectation of the government and the citizen decide whether or not the outcome would be a good equilibrium where everyone gains or a bad equilibrium where...
It was one of the most awaited budgets in recent times, expectations were on both extremes – that the Finance Minister will present a typical pre-election year populist budget while another set of people expected...
In the last week, some additional positive data points on the state of the US economy have emerged. US business spending on non defense capital goods recorded the largest gain since end 2011 and the...
Bank Nifty technically on 8th November 2010 made a life time high of 13281 as can observed on the left hand upper corner of Bank Nifty Daily Chart. On 29th January 2013 at the right...
Nifty after making a yearly high of 6101 on 22nd January 2013 started dropping like pack of cards, while briefly lingering around 5980 and then falling further by breaking important support trend lines. In nifty...
A while ago (in 2011) I had written elsewhere about the record levels of cash that US incorporated multinationals are carrying on their balance sheets. A combination of good global franchises, strong cash flows and...