Approach: Introduce with transformational aims of GST Discuss how various stakeholders benefit from the GST regime and the impact on doing business Mention some challenges with GST Conclude appropriately Answer: The Goods & Services Tax (GST) is aimed at a simplified, assesse-friendly tax administration system in the country with a paradigm shift towards ‘One Nation, One Tax, … Continue reading The Goods and Services Tax (GST) regime aims to re-shape India’s economic landscape benefiting various stakeholders, while also making it an easier place to do business. Comment
The BJP in the Uttar Pradesh elections promised of a loan waiver to the farmers in the state if it won the elections. Not just them Punjab chief minister Amarinder Singh met PM to seek assistance for a loan waiver for farmers in the state. The Devendra Fadnavis government in Maharashtra is under pressure from … Continue reading Loan waivers: Poor economic logic and anti-farmer move
We began with basics of Macroeconomics, and in the previous post, we had discussed GDP and how it is calculated. As enumerated in that post, there are many challenges and drawbacks to using the GDP as a standalone metric. GDP is like a speedometer: it tells you whether your economy is going faster or slower. … Continue reading Chapter 3: Beyond GDP, other measures of Development
Economic Growth Economic Growth is change in the value of the goods and services produced in the economy or an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. How do we measure the growth? There are several indicators and methods to calculate the … Continue reading Chapter 2: Measuring Economic Growth
You have read or currently studying for an economics course, and—for good or for ill—it changes the way you understand the world. Economics, you now understand, is all around you, all the time.
Unlike the typical run-of-the-mill bureaucrats, Raghuram Rajan is an interesting personality. I have been closely following his interviews, sound bites and write-ups. Here is some compilation of some of the Rajan's background and economic views. Influence of the Chicago School Rajan started his career as a professional economist in 1991 at Chicago University’s Booth School … Continue reading Raghuram Rajan and Rajanomics- Always one step ahead.
The Karnataka Government is pushing for 100% Quotas for Kannadigas in Blue-collar jobs in the private sector, this is a poor policy move. For various reasons: Government has no business in meddling with who the private companies hire for production. The rationale behind this terrible move seems to be the assumption that migrants from other … Continue reading 100% reservation for Kannadigas for blue-collar jobs in the private sector. Is it a good policy move?
FDI is a non-debt flow and is needed for the Indian economy for the following reasons. FDI brings with it capital and technical know-how. Increases the competitiveness of the domestic manufacturers and service providers due to international competence pressure. supplements domestic investment to sustain high growth rate by inter-form collaboration. could also promote growth by … Continue reading The need for FDI in Indian Economy. Why there is a gap between MoUs signed and Actual FDIs?
Over 50% of Indian Population is unbanked, that is, they do not have an account at a formal financial institution. Pradhan Mantri Jan Dhan Yojana seeks to ensure that all households and businesses, regardless of income level, have access to and can effectively use the appropriate financial services they need to improve their lives. Currently, … Continue reading PMJDY for the financial inclusion of the poor
Economic globalisation is the increasing interdependence of World economics as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and wide. While some people believe that globalisation does translate into substantial job creation in developing countries. Others believe that it leads to job loss. Globalisation of the … Continue reading How globalisation has reduced jobs in the formal sector?