Policies are Meant for Growth not for Impairment
What is Vote on Account Budget ? – Union Budget 2024-25 Highlights On 1st February, 2024, India presented its Interim Budget (which is almost same as Vote-On-Account). Finance Minister Nirmala Sitharaman became the second finance minister to present the budget for sixth (“6”) time (five Annual budget and one interim budget) after Former Prime Minister …
Foreign Direct Investment –An Overview Welcome to another Back to School article. It’s been long time to get some basic topics to get refreshed. For any Economy Foreign Direct Investment (FDI) is one of the important factor for their economic growth. FDI helps Indian economy to create more jobs along with developing technological know-how and …
General Government Debt – A Brief Analysis According to economics literature, Debt and Monetary financing are the sources of financing fiscal deficit. Debt consists of domestic and external borrowing. For any Economy Public Debt is one of the major factors (or say indicator) which shows the health of the economy. Many economies around the world …
A Small Note on Potential GDP and Output Gap Welcome Back to Basics. Many times we come across the term Potential GDP and Output Gap in many of the articles. They would state that Potential GDP has increased or Output gap has widened, but what exactly is the Potential GDP or Output Gap is. What …
Kautilya’s and Adam Smith’s Canon of Taxation. Kautilya – The True Founder of Economics Kautilya alias Vishnu Gupta (who is famously known as Chanakya) was an Indian politician, strategist and writer. He is well known for his text “ARTHASHASTRA”. He lived during 350 BC-275 BC. Adam Smith, Father of Economics, is well known for his …
Are Subsidies Bad? Welcome Back to Basics. We all come across the term subsidies more often. But, what it is? What is its main objective? Are there any economic effects due to subsidy and is it good or bad? We will find out here. 1. What is a Subsidy? What are the main Objectives of Subsidies? Answer: …
