Since the constitution of GST Council on 12th September, 2016, commendable progress has been made towards implementation of this major tax reform in the country. GST council has already arrived at a consensus on the most contentious issue in GST design, i.e., the rate structure. The mechanism of compensation ...

Implications for demand growth & sectoral inflation

Following the announcement by Prime Minister Narendra Modi, Indian currencies with denomination 500 and 1000 have ceased to be the medium of exchange from the midnight of 8th November, 2016. This demonetisation move is implemented as a tool to measure the stock ...

When dealing with distress, the single big idea for avoiding value destruction is speed of action. Delays destroy value. When we cope with failing firms (through a bankruptcy code) or failing banks (through a resolution corporation), the measure of institutional quality is the recovery rate, and the key determinant of ...

A new threat