Archives - Page 2

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  April 2010

  Vol. 5 No. 1

  In the budget 2010-11, the Government provided relief to individual taxpayers by enhancing the exemption limit for all taxpayers and withdrawing the surcharge on present income tax. To promote savings, a deduction of additional amount of Rs. 20,000 for investment in long term infrastructure bonds is declared but the rate of service tax has been raised to 12 per cent. In the above shade of the country, we managed to give matching topics in the current issue.

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  October 2009

  Vol. 4 No. 2

  Though the inflation rate is not much high but the impact of inflation seems much stronger on the weaker section of the society. As per recent assessment of planning commission, India’s growth rate is expected to accelerate to 8 per cent in the next fiscal from 6.3 per cent projected for the current financial year. The commission expects economic growth to go up to 9 per cent in 2011-12 and further to 10 per cent in 2014-15. With these impacts and high-definition inflation in real terms in market, we are as usual with our team of devoted editors along with Managing Editor discussing to remove off these dark shades of the economy. This is Eighth issue in the series with our best efforts to provide best articles out of we received.

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  April 2009

  Vol. 4 No. 1

  The WTO estimated the volume of global trade to contract by 9 percent in 2009. It is the largest contraction since World War II. As a consequence, many thousands of trade related jobs are being lost. In India, inflation is expceted to enter negative territory. It dropped to 33 years low of 0.26 percent raising fears that the economy is moving towards deflation. The Asian Development Bank projected that India’s economic growth would slow down to 5 percent in 2009-10, while the growth for 2008-09 has been kept at 7.1 percent. It was high at 9.4 precent in 2007-08. Hope that this issue will be appreciated by you.

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  October 2008

  Vol. 3 No. 2

  India, as an important global financial partner, also felt the effects of this financial virus. But, India, has some uniqueness in its working and system i.e., mixed agro-industrial-socio-economic system based on small savings and cottage industries. So, the jolts of this financial twister could not create much loss Here, I remember the sayings of Mahatma Gandhi, who used to say that if we want progress, we must rely on small savings and small businesses. Any man come to our shop is not a customer, he has more meaning for us.

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  April 2008

  Vol. 3 No. 1

  The Government is under tremendous pressure to rein in prices. It has announced a number of anti-inflationary measures like scrapping of import duty on crude edible oils, reducing import duties on all refined edible oil, extending the ban on exports of non-basmati rice and pulse etc. To curb inflation, the Government has withdrawn Duty Entitlement Pass Book Scheme (DEPB) benefits on items such as cement, steel, manganese and ferro-chreme to improve the supply situation in the domestic market. All sops on exports of steel have been withdrawn. Despite high growth of economy, agriculture sector lacks public investment. It is 1.5% of GDP and there is urgent need to slip up in investment in agriculture and enhancing the marketing facilities of agricultural products.

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  October 2007

  Vol. 2 No. 2

  A scholar of repute visited me and told to remember three things Learn, Unlearn and Relearn. At first stance, I felt uneasyness grasping the terms. But, as I dived in deep, I found the hidden pearls.
  This set of three words, comprises the ultimate philosphy of the country. We should learn everyday and we do so. Without learning new things, we can not apply them. Thus, this set of three scholarly pearls are much to say but the beauty lies in the application not in saying. 

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  April 2007

  Vol. 2 No. 1

  Globalization has changed the economic scenario of India. It gave a boost to the privatization, industrialization, global competitiveness and rapid advances in information and communication technologies. Central Government announced an SEZ (Special Economic Zone) policy in 2000 to attract FDI, creation of more employment opportunities and high export promotion. The major issue is acquisition of agricultural land and price paid for that. SEZs should be established at non-fertile and waste land after taking care that it avoids regional imbalances in economic progress. The EGOM – empowered group of ministers - on SEZs had placed a ceiling of 5000 hectares on all SEZs. In the years ahead, SEZ can play a vital role in maintain high rate of economic growth in Indian Economy. It may prove a large-scale industrialization catering the needs of global market.
  Index