With the implementation of the Goods and Services Tax (GST), the entire indirect tax system in India (excise, state-level VAT, service tax) is expected to evolve. Goods and Services Tax is a comprehensive indirect tax on manufacture, sale...
One of the biggest drawbacks of Indian economy is said to be the lack of adequate physical infrastructure, which caps growth potential of the economy. Every time the growth rate is on an upward trajectory...
I must say I was surprised to read that Kaushik Basu, once my friend and neighbour, had been succeeded as chief economist of World Bank by Paul Romer, whom I admire as an inventive economist....
Though the Nifty index comprises 50 stocks, the top 10 enjoys a lion’s share. In 2005, the top 10 constituted nearly 60% of the index (in terms of market capitalization) while in 2015 it comprised...
India’s urban population has been constantly growing since independence and the current urbanization rate is close to 31.2 percent. However, in absolute terms, India is second only to China in total urban population. The existing...
Asia’s two economic giants viz., Japan and China shares a very intricate and crucial relationship among themselves. Though in early 1990s Japan accounted for almost 10% of the International trade it soon dwindled with a...
On tap licensing is a new Universal Bank licensing approach, where by the window for getting a bank license from Reserve bank of India is open throughout the year. On tap will allow Individuals, Groups, Companies or...
The exchange traded funds in India are focused more on the Indian equity market, rather than being sector specific. Gold, equity, debt and ETFs representing the international indices are available on the National Stock Exchange....
Budget 2016 introduced a new tax called Equalisation Levy (“EL”), aimed at taxing online transactions. EL was originally mooted by the OECD in Base Erosion and Profit Shifting (BEPS) Project Final Report on Action 1...
The internet is making price competition more competitive while geographic markets of retailers are rapidly increasing from local buyers to customers across the country and even across the globe. It has been a neck to...
When the AADHAAR scheme was introduced by UPA the BJP was against it. Today the Prime Minister is a strong advocate of the scheme. The UPA Government had the foresight to visualize the benefits of...
The Indian government is striving to push through a long-pending legislation to streamline the nation’s cumbersome tax system. If the move succeeds, it would make India a single unified market for the first time. Nearly...