The nature of household labour is such that it doesn’t directly come under contractual labour, which is influenced by monetary exchange. Yet household labour is essential for the survival of the economy. The contribution of this segment is rarely recognised in terms of GDP and its economic value i...
There is good news for employers who faced problems in transferring the provident fund accounts of their employees who chose to shift to other companies. Previously, the process to transfer the employee’s provident fund was cumbersome but with the newly introduced ‘Form 11’, issued by EP...
Richard Thaler, a behavioural economist has won the Nobel Prize in economics this year for his pioneering work in this field. The Royal Swedish Academy of Sciences, which awarded the £845,000 prize, praised Thaler for incorporating psychological assumptions into analyses of economic decision-making...
There is bad news for Indian Finance Minister, Arun Jaitley. The impact of the Goods and Services Tax (GST) on prices has been counted adversely for the second month running and has increased the uneasiness of the Finance Minister who had promised the country that the GST would have no or marginal a...
The Indian Finance Minister, Arun Jaitley, has recently claimed that resistance to economic reforms in India appears to be waning though there is no finishing line for tax reforms. This clearly shows that the government intends to streamline regulations and encourage more private investment th...
Port development and world trade, which are closely interrelated, play a crucial role in a country’s economic growth. While ports expand the market opportunity of both national and international firms, customs assess and collect revenue, prevent smuggling, ensure application of national legi...
If the fall in GDP growth in the last quarter of 2016-17 was an indication that the country was moving towards a low growth trajectory, an even slower growth during April-June 2017 must have confirmed this fear. India’s economic growth has slipped to a three-year low of 5.7% in the first quarter o...
IntroductionThe recent release of data by the Central Statistical Office (CSO) on gross value added to the Indian economy poses a cause of concern. The CSO showed that the Indian economy grew 5.7% in the first quarter of 2017-18 financial year (FY), that is, in April-June. In the same period o...
The Goods and Services Tax (GST), which was implemented on July 1, has left major businesses in a snag due to the newly rolled out rules and regulations. Archit Gupta, Founder and CEO of ClearTax, spoke to BE’s Ankita Chakraborty on how his venture is aiding businesses to comply better with v...
New Delhi is happy that India’s external debt has declined. Aggregate external debt declined 2.7% to $ 471.9 billion at the end of last fiscal against $ 485 billion as on March 31, 2016. The decline was primarily caused by a fall in NRI deposits and that of external commercial borrowings (ECB). NR...