Saturday 12 Mar '11Those who earn income above a threshold must pay income taxes. Taxes are not fees. Fees involve quid pro quo. They are paid for specific services. There is no such quid pro quo for taxes.
Thursday 10 Mar '11The commerce ministry has produced a strategy paper for doubling exports in the next three years. This involves a doubling of exports from $225 billion in 2010-11 to $450 billion in 2013-14, implying a compound annual average rate of growth of 26%.
Wednesday 02 Feb '11There has been talk of oligarchic capitalism developing in India, driven by some papers written on the subject. The Economist, in its January 27 issue, has an article on it citing some of these subjects.
Saturday 15 Jan '11The mid-term appraisal of the Eleventh Five-Year Plan gives annual average real rates of GSDP growth for the states, actual figures for the Tenth Plan and expectations for the Eleventh Plan.
Wednesday 05 Jan '11Inflation is clearly an issue, more than the government had expected initially. Government spokespersons had earlier talked about inflation of 6% by December 2010, later pushed back to March 2011.
Wednesday 13 Oct '10Maurice Allais, the only one from France to win a Nobel Prize in Economics in 1988, died the day the 2010 Nobel Prize was announced. Peter Diamond, Dale Mortensen and Christopher Pissarides have won the 2010 Prize for their work on efficient functioning of labour markets.
Tuesday 28 Sep '10The Cabinet has approved the National Identification Authority of India Bill and it is expected to be placed before Parliament in the Winter Session. Before reacting, it is still a Bill. It will be referred to a Standing Committee, then passed by both Houses, then receive Presidentís assent and then be notified.
Wednesday 01 Sep '10The Chinese have a problem. They are ageing fast and one-child policy hasnít helped. Such an adverse demographic shift, where a country greys before it becomes rich, has serious socio-economic consequences.
Wednesday 04 Aug '10While no one can deny that Mani Shankar Aiyar has a tendency to shoot his mouth off, the second part of his controversial statement on the Commonwealth Games is relevant for future decisions.
Saturday 29 May '10Since 1991, product markets have largely been freed for manufacturing. Services are half-open, while agriculture is closed. But in addition to half-open services and closed agriculture, factor markets await reform.