During the last week, politicians and media in both Britain and India were exchanging unpleasant comments over the 280 million pound British aid to India. Political parties in Britain were pressing the Conservative government to stop aid to the rising economic power. In India, ruling MPs and opposition leaders requested the government to reject the aid. In Britain, media and policy makers have quesioned the logic of providing loans to the fastest growing economy, at a time when British economy is facing fund scarcity. The British government, to put
One can easily observe that the economic weight of Asia is rapidly increasing. Of the six largest economies of the world, three are in Asia, and of these two, China and India, are the fastest growing economies of the world. During the last few years, the world economy has been moving forward driven by the growth rate of these two most populous emerging markets. Performance in terms of growth rate, GDP size, trade share, industrializati
The Vodafone case was a global test for India’s legal and tax system. Perhaps, in one of the most important verdicts in Indian corporate history, the Supreme Court has made it clear that the tax department has no right to levy tax on share sale carried out by two overseas entities, even if the underlying assets are in India. The verdict has cancelled the tax departments claim of around Rs 11500 crore tax on the deal. Despite the revenue loss for the national exchequer, positives are extracted by analysts out of the verdict. The verdict has given clarity on taxation issues
Dictionary on Indian Economy
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- High interest rate rather than inflation is the macroeconomic problem for India right now
- Japan’s first trade deficit in 30 years is part of the Global Shift
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- NREGS: give respect to the tax payer’s money