Multilateral trading arrangements under the World Trade Organisation have expanded over time. Yet, the current global trade landscape is characterised by an overwhelming number of regional trading arrangements. The proliferation of regional trading arrangements has been so pervasive that Jagdish Bhagwati calls it a spaghetti bowl. All countries try to tap into emerging markets through trade agreements. One of the strongest emerging markets is the group of nations that comprise […]

As with all manifestations, if you’re looking to create powerful money manifestations, you have to start with the basics: clarity. You need to be clear on what kind of relationship you want with money, what you need from it, and how you can ask for it. Whether you’re looking to build a new relationship with your money, heal your existing one, or expand it, there are 3 steps to create […]

The Reserve Bank of India (RBI) has advised commercial banks to provide adequate transaction details in the passbooks of account holders. “In the interest of better customer service, it has been decided that banks shall at a minimum provide the relevant details in respect of entries in the accounts,” the central bank said in a notification. The RBI said that many banks still do not provide adequate details of the […]

The GST is set to roll out from midnight June 30. A lot of column space has been devoted to its purported benefits for customers and the possible impact on industries and different businesses. Essentially as we understand it, GST is an indirect tax reform that will usher in a uniform tax paying regime. It will be a single tax that everyone from a manufacturer to a consumer will pay. […]

Much has been talked about the Goods and Services tax (GST) implementation starting next month, its impact on industries and how it will benefit the consumer. Just to reiterate, Goods and Services Tax is one indirect tax reform, which will make the country one unified common market for industries to pay taxes. It is a single tax on the supply of goods and services, right from the manufacturer to the […]

Indian-American Rishi Shah, who quit college 10 years back to pursue entrepreneurial dreams, has become tech’s newest billionaire and his business partner, Shradha Agarwal, is close behind. Their windfall came with a USD 600 million infusion of venture capital into Outcome Health, the Chicago health care tech company they founded in 2006. It’s now valued at USD 5.6 billion. Shah grew up in the Chicago suburb of Oak Brook, the […]

Ever wonder why something becomes a trend on social media? Why do certain posts, videos, photos or tweets get millions of likes and are shared so much that they go ‘viral’ and others don’t? It’s largely because of the work of those who manage the show on social media platforms. Call them social media manager, specialist, coordinator or planner, it’s because of their content creation, strategy and promotions on platforms […]

Are you that one person who always find solutions to problems? That one person who is filled with ideas that can better the world? That one person who realized that there is a practical world outside the four walls of your classrooms? If you answered yes to the questions above, you could be the winners Prime Minister Narendra Modi is searching for. And if you are one of those entrepreneurs […]

The Income Tax Department today said it has identified over 400 benami transactions and attached properties worth Rs 600 crore in about 240 cases. Keen to implement the new Benami Act to ensure “visible outcomes on the ground”, the tax department last week set up 24 dedicated Benami Prohibition Units (BPUs) all over India. The department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November […]

The government said on Monday the goods and services tax (GST), scheduled to be rolled out from July 1, was set to benefit consumers, as the tax incidence on smartphones, medical devices and cement would come down. The GST Council, comprising state finance ministers and headed by the Union finance minister, last week finalised the tax on most of the items and services. A smartphone currently attracts two per cent […]