Money Laundering has its meaning in the term ‘launder’ which originates from the term ‘laundromats'—these were used as a front by crime syndicates for illegal activities. As laundromats clean our dirty clothes, money acquired through illegal activities is laundered and pushed into the economy as coming from a legitimate source.
In a sign that July GST collections are likely to be more robust than the anaemic June figures, the call money rate and weighted average tripartite repo rate went up in India, as banks saw the demand for funds go up, to pay GST dues to the government. The Purchasing Managers’ Indices for services, manufacturing and composite activity all signal growth, although this is yet to reflect in credit growth.
Sebi recently found that Wall Street financial firm Jane Street Capital had manipulated the cash and forward markets, fleeced hapless Indian investors, and made millions of dollars. For many, this would evoke images of the Wolf of Wall Street, howling Greed is Good, rebirth of the East India Company, and finance capital, rising and shimmering, shapeless and threatening, from Lenin’s tract on imperialism.
This article reassesses inequality in India by critically evaluating the world bank's recent claim using consumption data, Gini coefficients, and Lorenz analysis.
TK Arun The government’s new Research, Development and Innovation scheme is half-hearted hope masquerading as policy. True, it talks big money: Rs 1 trillion, for private sector R&D, which, at present, is vanishingly small, and certainly needs a policy-induced boost.…
GST WAS LAUNCHED ON JULY 1, 2017 with the promise that it would transform the Indian economy. It was characterized as a second freedom since it would unify the nation. Eight years later, it is time to assess its performance. While the Prime Minister has lauded the tax, the Leader of Opposition in the Lok Sabha Rahul Gandhi, has criticised it since it marginalises the marginals.
Higher Education Financing Agency was conceived in India's 2016-17 union budget to provide financial assistance for the creation of capital assets in premier educational institutions in India.