The successful launch of as many as 104 satellites in one go, the maximum so far in the world, is another big feather in the ISRO's (Indian Space Research Organisation) cap. It has been a long, successful journey for ISRO over last four decades which has gathered pace lately. A look at India's journey so far..Continue Reading
The confirmation by Vodafone Plc recently that it is in talks with Idea Cellular for potential merger of Vodafone India is another big churn in the Indian Telecom sector. While R-Jio's entry was expected to disrupt the market, that the second largest player would call it quits is unanticipated and quite shocking. A look at the rationale for the deal..Continue Reading
The Economic Survey, presented just a day before the Budget, loses the attention it deserves in the din of Budget. However, the Report, nothing less than a holy book for the economist, carries wealth of information, to be covered in a series of articles, the first being this..Continue Reading
Consider a situation where a foreign entity provides loan to an Indian company and receives interest which is not fixed but linked to profits. Or consider a treaty between India and country X whereby sale of shares in an Indian company held by an investor from country X shall be taxed only if the shares sold are more than 10%. The investor floats two subsidiaries and sells 9.9% shares through each of them. Are these tax mitigation, tax evasion or tax avoidance..??Continue Reading
Greece debt crisis seems to have divided Euro area and IMF with fresh warning coming from IMF of potential debt default by Greece. But what went wrong..?? And how..?? A brief look..Continue Reading
Belying the expectations of a rate cut, the monetary policy committee (MPC) has not only decided to keep the rates unchanged in its meeting today but more importantly, has shifted its stance from “accommodative” to “neutral’. This is “to assess the transitory effects of demonetization on inflation and the output gap”. The shift marks a significant reversal of policy as it had maintained “accommodative’ stance all through the year. A look at the reason for the same..
With various announcements in the budget for 2017-18, two important trends that emerge are the thrust on increasing tax/GDP ratio and increasing capital expenditure. A brief look at the two trends..Continue Reading
The most important and the first number any economist looks at while analyzing the budget is the fiscal deficit. However, other than that, budget also throws up other deficit numbers.. So what all are these deficits and their importance?? A brief look..Continue Reading
The Budget for year 2017-18 projects a total shortfall of Rs 5.5 lakh crore with total expenditure projected at Rs 21.5 lakh crore against receipt (excluding states’ share) of Rs 16 lakh crore . A look at the different components of the budget.
The union budget for the year 2017-18, presented today by the finance minister makes no big bang announcements but the undercurrent is loud and clear. The society - individuals and corporate - has to become more transparent and more accountable; in FM's words, a move towards 'clean India'. A look at some of the highlights..Continue Reading