The Government of India launched the Bharat 22 ETF on 14th November 2017. Bharat 22 is an Exchange-traded fund (ETF) which will closely track the performance of the Bharat 22 Index. This post explains the Bharat 22 ETF in detail. What is Exchange-Traded Fund/ ETF? ETF is a security that tracks the performance of an …
Decoding Bharat 22 ETF launched by the Modi Government Read More »
India’s exports declined by 1.1% in October to $23.1 billion and are expected to fall further in November. The last time exports growth fell into the negative category was in July 2016. This dip has been attributed to the transition to Goods and Services Tax (GST). (Read: Goods and Services Tax Explained) The exporters are facing …
Impact of GST on Exports – Working Capital stuck as refunds delayed Read More »
Update on 2/1/2014: The Government of India has constituted the 16th Finance Commission and appointed Arvind Panegriya as the Chairman. The commission will submit recommendations for the five-year period (2026-27 to 2030-31) (You may also read: NITI Aayog replaces Planning Commission) What is Finance Commission? It is a quasi-judicial body set up under Article 280 …
The Government launched the Saubhagya scheme or Pradhan Mantri Sahaj Bijli Har Ghar Yojana in September 2017. The Saubhagya scheme was launched to ensure electrification of all willing households in the country. Under the scheme, power connection will be provided free of cost to all poor families. Other households would also be provided electricity connections …
Introduction to General Anti-Avoidance Rule Internationally and in India, tax avoidance has been a major issue. Tax avoidance is basically exploiting the loopholes in the law to obtain a tax advantage. A taxpayer is entitled to conduct transactions in a manner so as to reduce his tax liability. But, these transactions should have economic or commercial …
Understanding General Anti-Avoidance Rule (GAAR) Read More »
Universal basic income is in news these days. The economists and policymakers from across the world have been debating the concept of universal basic income (UBI). The idea of UBI was originally proposed as a solution to high inequality and job loss caused by increased automation in the developed countries. Finland launched a 2-year pilot study …
What is universal basic income and is India ready for it? Read More »
GDP is the total value of all goods and services produced in the economy in a given period of time. You may read: GDP Demystified for a better understanding of GDP. If we use the current prices of goods and services to calculate GDP, we get Nominal GDP. India’s GDP in the year 2016-17 was estimated to be Rs.1,52,51,028 …
What is the difference between Nominal and PPP GDP? Read More »