Key GST lessons from the world
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
With the 21st century being heralded as the 'century of the seas', there is much need for India to reclaim its historically dominant maritime position in civilian and military endeavours.
15 August 1947 saw the division of more than a country. There were other spoils that were split: the Royal Indian Navy was one of them. This included not just a division of assets, but also of staff, whom the British Royal Navy had trained. This led to a piquant situation
The GST will not only advance domestic market efficiencies but also add teeth to India’s economic diplomacy by improving the ease of doing business and enhancing competitiveness for exports.
Globalization appears to be giving way to a wave of nationalist protectionism. At this juncture, it is vital to focus on alternative visions of globalization anchored in concern for the environment, human rights, and economic democracy. The World Social Forum in Montreal from 9-14 August will gather more than 5000 people from across the world and serve as a window to the diverse endeavours in favour of a pro-local globalization based on trans-national solidarity.
The attempted coup on July 15 in Turkey as well as its aftermath have irreparably dented President Erdogan’s international image and impacted Turkey's standing as a democratic state, a military power, a NATO member, an EU aspirant, and an emerging economy. This downtrend is unlikely to be reversed in the near future and the country is in for an extended period of instability
India's North Eastern States are part of one of the largest fluvial regions, they share this region with five other nations. At a recent conference, held on the sidelines of the the Nadi Festival in Shillong, the message of 'Listen to the dignity of the river' struck a chord with all present, and is a message which should be carried across the region.
The victory of Donald Trump in becoming the presidential nominee for the Republican Party is a significant moment in American history. However, the cause for common unity in the GOP is associated with a hatred towards Hillary Clinton, not support for Donald Trump. Controversies like the recent WikiLeaks of Democrat Party emails are sure to increase in the road to November, making it a rocky and treacherous one.
Indian infrastructure financing has for long suffered from rating concerns, but recent changes to credit enhancement are helping to plug this gap, enabling investment by foreign insurance and pension companies, and stimulating project exports.
Society is currently floating on the expectation that the world is entering a period of sustained economic growth. However, there is mounting evidence that the existing models of economic growth cannot continue.