Exemptions, and the fact that farm income is outside the tax net, ensure that India’s tax-GDP ratio stays low. The view that Indians don’t pay their fair share of taxes resonates widely in public discourse. So much so that even Finance Minister Arun Jaitley presented figures in his recent Budget to buttress the claim of India being a tax non-compliant society. But how accurate is this widely held view? Is tax compliance, especially on the personal income tax side, as poor as is ... Rediff.com, 2 weeks ago
Posted by Equitymaster Many economic discussions focus on the 'flow' variables of a country - GDP, GNP, deficits, etc. These are important and useful; they're like the income statement of a company. Then there is another set of variables, called 'stock' ...Equitymaster.com, 3 weeks ago
Bulge bracket overseas investors are back. And they are buying. The S&P BSE Sensex advanced 4.1 percent in February as offshore fund managers ended four months of sales to invest a net $1.4 billion in local stocks. After being net sellers in both equity (Rs ...The Financial Chronicle, 3 weeks ago
Posted by Equitymaster Global markets ended the week on a strong note with most of the markets ending in the positive territory. Brazil and Indian markets were biggest gainers, with gains of 3.3% and 3.1% respectively. However, the UK and France markets were ...Equitymaster.com, 1 month ago
If you’re a foodie and have lived in a big city, chances are you that have tried out many big and small restaurants. You have probably seen many of these joints changing hands, brands and product-line over the years. A lot has changed the way food and ...The Financial Chronicle, 2 months ago
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