Is govt dept affects consumption of citizen ?

Is govt dept affects consumption of citizen ?

When the government cuts down the taxation rate then it faces budget deficit (expenditure over the revenue ); which is financed by borrowings from RBI. Then in future the government has to repay the loan to RBI . For this government will raise tax in future. Thus today fall in taxes will lead to rise tax in future; So we can conclude government debt is equivalent to future taxes. Now the question is – will…

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Highlights of the Union Budget 2018

Highlights of the Union Budget 2018

Highlights of the Union Budget 2018 Here are some of the highlights from the Union Budget 2018-19 presented by the Finance Minister Arun Jaitley in the Parliament on February 1, 2018. Taxations — No changes to income tax to individuals — Standard deduction of Rs 40,000 allowed for salaried class — For senior citizens, exemption of interest income on bank deposits raised to Rs 50,000 — 85.51 lakh new taxpayers have filed returns for FY17…

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What is GST Bill? | Goods & Services Tax

What is GST Bill? | Goods & Services Tax

What is GST (Good & Services Tax) GST stands for Goods and Services Tax, it is a proposed comprehensive indirect tax which would be levied on all goods and services consumed and it will replace all the current different indirect taxes levied by the government on different consumed goods and services. In simple words right now there a number of different taxes levied on goods and services which cause a lot of problems in the…

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Union Budget 2017 Analysis

Union Budget 2017 Analysis

Finance Minister Arun Jaitley presented the annual budget of India on 1st Feb 2017, which was awaited by the entire nation. To analyze the union budget 2017 and understand its implications, it’s important to know the background story first. What happened in India and what is expected to happen forms the basis of all the elements of budget. On 8th December, 2016, at 8:00 PM, Prime Minister Narendra Modi banned the use of Rs. 500 and Rs. 1,000 notes…

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Union Budget 2017 Analysis

Budget 2017 Highlights

Union Budget 2017 AnalysisBudget 2017 Highlights: A Brief Analysis by Professor Manohar V Dansingani A budget is a statement of financial intent, no more, no less. It is not Aladdin’s Lamp. The Sensex rallied 486 points post budget, relieved that the budget did no damage. Two adjectives define the Union Budget 2017 : Sober Disciplined The Backdrop Slow global growth (slowest recovery post-recession, worldwide) U.K. grows at 2.5% (highest among developed economies) Brexit….. uncertainties Trumponomics…..can…

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What is demonetisation effect on India

What is demonetisation effect on India

On 8th November,2016,Prime Minister Narendra Modi came out with his master stroke on corruption, counterfeit currency, terrorism and black money by announcing demonetisation and ceasing Rs. 500 and Rs. 1000 notes as a part of legal tender in India. The Reserve Bank of India manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. A new redesigned series of Rs 500 banknote, in…

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Karl Marx Theories on Economics

Karl Marx was a German philosopher, economist, sociologist, journalist and revolutionary socialist. He published numerous books, the most notable being Das Kapital and The Communist Manifesto. He also put forward his views on Economics. Economics is the branch of knowledge concerned with the production, consumption, and transfer of wealth. Economics can also be defined as a social science subject which focuses on the production, distribution and consumption of goods and services in a country or…

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why oil prices dropped to such a low

Why s dropped to such a low?

The oil industry, with its history of booms and busts, appeared to be in the early stages of its latest downturn past few months. The price of oil which had plunged time and again reached its lowest point in more than five years. WHAT ACCOUNTED FOR THE PRICE DROP?  This is a complicated question, but it boils down to the simple question of supply and demand. The United States domestic production nearly doubled over the…

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Keynesian vs Classical School Of Thought

Economics, it’s the science that discusses about the reasons and explains the factors that are associated with the production, distribution and consumption of goods and various services by the people. The Keynesian and the Classical school of thought represent the various types of thought process and theories used in Economics. The main difference between the two schools of thought is regarding the economic policies for which they oppose each other ideas. The questions such as…

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What is Marxist Theory Of Evolution Of Economics

Karl Marx, born in Prussia, was a philosopher, economist and a revolutionary thinker. He had developed a rich understanding in labor and was successfully able to relate their effects on capital and hence leading to economic growth. His theories regarding various politics, his views on society and his understanding of economics where collectively referred to what is called as Marxism. Although Marx was an innovator and an avid thinker his thought were greatly affected by…

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