Category: Indian Economics
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India’s plans on levying import taxes on mobile phones
The Goods and Services Tax which is to be rolled out on 1st July will not only change the long existing tax system in India but also impose import taxes on mobile phones thereby causing worry among the World Trade Organisation manufacturing nations of China, U.S and EU.
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Banking Ordinance on NPA
An amendment to the Banking Regulation Act (Section 35A) was proposed by the Cabinet to grant the RBI the power to intervene in bad loan cases to solve the Non Performing Assets crisis. This was approved by President Pranab Mukherjee on the 5th of May, 2017.
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Tata-ThyssenKrupp Merger
Owing to dwindling of demand and years of losses because of cheap imports from China, in March 2016 Tata announced that it was looking to sell all its UK businesses, plunging the sector into crisis. In 2014, the steel industry’s importance to the whole economy..
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Niti Aayog
As the five-year plan took its last gasp and the planning commission ended, India is taking the path to become market economy from a mixed one, with the tradition of planning left behind. In order to overcome..
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Coal for Yesterday
Indian MNC Adani Group is on the verge of securing ownership and mining rights of the Carmichael thermal coal mines in Queensland, Australia. A permanent railway line will be constructed to connect..
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Strong Rupee, Strong Indian Economy?
Money is organic nature that would keep changing depending on the society and its economic conditions. A country’s currency is linked to their economy and the policies that govern the economy. Over the years the value of any currency..
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Borrowing China’s CEZ model
In 2016, China’s electronic information industry grew rapidly after the liberalization of its economy under the policy of accelerating ‘informationization’ of its industrial development..
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The ill effects of globalization
Increasing economic integration has resulted in higher interdependency resulting in economic and social benefits. However, it hasn’t been beneficial for all the emerging economies especially..
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Uttar Pradesh Government waives farmer’s debt.
On the 4th of April 2017, the Chief Minister of Uttar Pradesh, Yogi Adityanath made good on one of his promised agendas. Fresh off his appointment by the BJP..
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Expired Drugs consumed by Children
On 27 March 2017, some parents have alleged that their children were given expired injections at the state-run hospital. Photos, allegedly of injection vials at the Gandhi Hospital in Hyderabad have emerge….