In March 2020, in a major move to give impetus to domestic manufacturing and cut down on the nation’s import bills, the Indian Government rolled out the Production Linked Incentive Scheme for three targeted sectors: mobile phones and electronics manufacturing, pharmaceutical drugs, and medical devices. By incentivizing production in these Read more…
Taxes are the most important source of revenue for governments across the world. Most countries follow a progressive taxation system: wherein tax rates increase as a taxable amount or income increases. By this logic, most wealthy individuals have to pay more taxes than those who have fewer incomes. Businesses also Read more…
Brexit is an abbreviation used for “Britain Exit,” referring to the decision of the United Kingdom to leave the European Union. Brexit involves negotiating new trade deals, citizen registration rules, borders, etc. The process began on June 23, 2016, after the referendum passed 51.9% to 48.1%. After 3 long years Read more…
When the lockdown was imposed in March this year, we heard many economists predicting an economic slowdown. Some of them even went on to predict the worst ever “recession” the country has ever seen was on its way. Now that around nine months have passed since the lockdown announcement and Read more…
The rise of online streaming services in India gave a new medium to artistic freedom that had hitherto been kept on a tight leash by regulatory authorities and censor boards. Content creators were finally liberated from producing artificially censored programs that fit into a somewhat arguable notion of what is Read more…
You might have heard a little something called as Tax havens. Simply put, these are places which have nil or very low tax rates for companies and individuals. For example, India has various tax brackets for income tax and then also has a capital gains tax and so on. But some countries do not levy such charges on either individuals or companies. And they are very very popular. (more…)
If you are an investor, you must be having a fantasy of beating the market! For those who don’t know what beating the market is, it is simply securing higher returns than what the market can actually offer you. While you must be having this fantasy, you must have realized Read more…
In what can possibly be called the most-awaited and nail-biting election results in the history of the United States of America, Joe Biden shall become the 46th President of the United States of America defeating Donald Trump in what might not be called a landslide victory. But one has to Read more…
Missed the Burger King IPO? Regretting not enjoying the listing gains? This is the story of every 155 people out of the 156 that invested in this IPO as it was 156 times oversubscribed. IPOs have become a great short term gain game for people due to their huge listing Read more…
After independence in 1947, India’s economic policies were largely influenced by the colonial experience which put a great emphasis on import substitution-the belief that India has to rely on internal markets for development and not international trade, industrialization under state monitoring, state intervention in labor as well as financial markets Read more…