Prabhat Patnaik The news that India’s rank in 2019 according to the Global Hunger Index (GHI) was 102nd among the 117 countries for whom this index was calculated (it is not calculated for countries where hunger is not a problem), instead of causing consternation as it should...
Smitha Francis The stated objective of the regional comprehensive economic partnership (RCEP) agreement under negotiation is to integrate ASEAN countries and its bilateral free trade partners — Australia, China, India, Japan, New Zealand and South Korea— into a mega regional free trade area. This is the...
C. P. Chandrasekhar In an unusual and ill-advised move, the Reserve Bank of India issued a brief ‘clarification’ on October 1st which said: “There are rumours in some locations about certain banks including cooperative banks, resulting in anxiety among the depositors. RBI would like to assure...
Article shared by : Some of the main incidence of taxation are as follows: Meaning of Incidence: It is important to study who ultimately bears the burden of a tax. The incidence of taxation refers to this question of who and in what proportion bears the final burden of...
Jomo Kwame Sundaram and Anis Chowdhury October 15, 2019 The OECD Secretariat published its proposed ‘unified approach’ to reform international tax rules to address tax challenges posed by digitalization on 9 October 2019. Under current rules, there is little chance of a company being taxed without its physical...
Jayati Ghosh The Indian government should now be desperate to raise more tax revenues. It missed its tax targets massively in the last fiscal year, largely because of poor goods and services tax (GST) collections. Its declared budgetary target for the current year requires tax receipts...
Wan Manan Muda and Jomo Kwame Sundaram October 10, 2019 Two decades into the 21st century, all too many people still associate being ‘overweight’ with prosperity, health and wellbeing, mainly because being thin has long been associated with being emaciated due to hunger, undernourishment and malnutrition. Overweight and...
Article Shared by Let us make an in-depth study of the Mundell-Flemming Model. After reading this article you will learn about: 1. Meaning of the Mundell-Fleming Model 2. Main Message of Mundell-Flemming Model. Meaning of the Mundell-Fleming Model: The basic Mundell-Fleming model — like the IS-LM model — is based...
Article shared by : Some of the major items whether included or excluded in national income are as follows: 1. Construction of a new house. Yes, it will be included in the national income as it is a part of capital formation and leads to production of goods and...
C. P. Chandrasekhar and Jayati Ghosh It is only too evident that the Modi government is a strongly centralising one in many ways – and this is also clear from various fiscal moves. In 2015, it accepted the recommendation of the 14th Finance Commission to increase states’...