-NDTV.com At a time when Consumer Price Index (CPI) inflation has remained above RBI's upper tolerance level of 6% for seven consecutive months and the WPI inflation rates are at the highest levels since January 2007, it is good that the issue was finally discussed in parliament and the RBI's recent rate hike signals recognition of the concern. However, during the debate in the parliament, the Treasury bench largely took a...
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India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report
-PTI/ The Hindu “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery” The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report. "However, economic activity rebounded strongly in the second half...
More »Common kitchens – what’s cooking in Kerala? -Chithra Ajith
-VillageSquare.in Work and other commitments vying for time, one cannot spare time to cook. What started out of necessity for two couples is making "common kitchens' spring up across Kerala. Common kitchen? “Think of it as a kitchen where you’re cooking for a big family,” said Sundaran, the cook in Kerala’s first common kitchen. The ‘family’ here is generally a group of families in a neighbourhood. “This is not like your regular catering service, because...
More »G7 Corporate Tax Deal -- Setting the Bar Too Low? -Shinzani Jain
-Newsclick.in Finance ministers from G7 countries have agreed on a deal to check tax avoidance by the biggest multinational conglomerations. How the G20 reacts to this accord and how these plans are implemented, remains to be seen. A recent report by ProPublica has revealed how multibillionaires from the US, including Amazon’s Jeff Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates and Facebook’s Mark Zuckerberg, among others, have managed to avoid paying federal taxes...
More »The Proposal for a Minimum Global Corporate Tax Rate -Prabhat Patnaik
-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...
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