The 21st century was marked with measures to propel India’s business and economic reforms, pace for which was set in the early 1990s. It triggered the process with a free trade agreement (FTA) with Thailand in 2003, followed by a Comprehensive Economic Cooperation Agreement with Singapore in 2005. Under the aegis of Foreign Trade Development… Continue reading Essay on economic reforms in yesteryear decades
Until recently, India’s large population was considered to be a huge barrier to prosperity and progress. Economists predicted that India was a “population bomb” waiting to explode. However, in the post-liberalisation era, with China showing the way and proving that a massive population can be harnessed for societal and economic progress, a new mantra is… Continue reading Tackling the demographic challenge
Watch video here! Summary: The US central bank recently raised its benchmark federal funds rate for the first time in more than nine years. The rate had been next to zero since December 2008 and is now increased by a quarter points. This move affects everything from capital flows to stock markets. Experts say that… Continue reading Impact of US FED rate hike
The meeting is in Nairobi, but everyone is talking about the Doha round of negotiations. Why? Formed in 1995, the WTO has 162 member countries. In 1999, violent protests by activists shut down the WTO meeting in Seattle, US, forcing the organisation to restart the new round in 2001 in Doha, the capital of Qatar.… Continue reading WTO Talk Explained!
A Brief Introduction of Finance Commission Article 280 of the Constitution of India provides for a finance commission as a quasi-judicial body. It is constituted by the President of India every fifth year. It consists of a chairman and four other members to be appointed by the president. It makes recommendations about the following to… Continue reading 14th Finance Commission
What is the Goods and Services Tax (GST)? As the name suggests, the GST will be levied both on goods (manufacturing) andservices. A single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, etc. This is how it is done in most developed countries. Let’s know the structure… Continue reading A, B, C, D of GST Bill
There are two key pre-requisites. One, India has to support innovation and the creation of intellectual property at multiple levels: of policy, import duty, financial outlays and legal support. Two, Indian entrepreneurs must show ambition to operate on global scales of quality and quantity. Create Intellectual Property: It is welcome the government proposes to reduce… Continue reading For Make in India, we must create intellectual property and its jurisprudence