The Modi government of India has made it legal (sic) that any business in India cannot make profit! If they make profit then they go to jail. The recently implemented new tax regime GST (goods and service tax) has a new amended clause in it, clause 171, which debars producers from making profit; any profit […]
Tag Archives: India
12
Jul
Jul
The on-going stand-off between the armies of the Indian and Chinese nation states on the Sikkim border has created quite a bit of ruckus in the, now very nationalistic, Indian public. People in India are calling for a total boycott of Chinese goods. This demand for boycott of Chinese goods is nothing new. Economics of […]
07
Jun
Jun
Since coming to power in 2014 one of the aims of the Narendra Modi government’s welfare state is to make healthcare more affordable in India by, mainly, trying to curb prices of drugs used to treat critical ailments such as cancer, HIV/AIDS and diabetes. In their efforts to do so they have declared some 350 […]
30
May
May
by Madhusudan Raj The present Narendra Modi government of India issued orders banning the selling of cattle (cow and buffalo) beef a couple of days ago. This diktat has created a fury in various Indian states, especially the southern states and the state of West Bengal both of which have now announced that they will […]
20
May
May
The Narendra Modi government is ready to implement its new tax regime viz., GST (Goods and Service Tax) from the month of July 2017. They have now announced the applicable tax rates for some 1211 products. The Finance minister Arun Jaitley is telling that under this new tax regime tax filing will become simple and […]