Finance and Economics – NICKELED AND DIMED

SECONDMENT TRANSACTIONS VIS-À-VIS THEIR TAX TREATMENT

This article aims to explore the nature of secondment transactions and the applicability of the same in the current tax laws existing in the Indian context. The taxability of these transactions has been explored through various case laws and the most recent landmark ruling of Northern Operating Systems. The article lastly deduces the implications of the said judgment in upcoming cases and how the same may be perceived by companies in the Indian market.
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PROCESS OF LIQUIDATION UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

This article aims to explore the liquidation process under the Insolvency and Bankruptcy Code, 2016. Further, the article lays down the procedural requirements under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 that need to be complied with by every company going into liquidation. The article also explores the importance of these insolvency guidelines and their need in the current financial system.
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POST COVID ERA: IMPACT ON GOODS AND SERVICES TAX

This article intends to explore the recent report shared by the OECD in order to strengthen the tax base of countries, especially after the covid pandemic. Further, the article establishes a connection between the newness of the GST regime, the covid era impacting the country’s economy and the new tax regime brought in place in order to tackle the challenges arising post the pandemic in terms of tax collection and exemptions. Lastly, the article aims to understand the role played by the government in ensuring a technologically advanced tax regime which is efficient and aiding in the development of the country holistically.
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AFTER NEHRU, WHAT?

In contrast to the traditional Gandhian ideology, Jawaharlal Nehru, the first prime minister of independent India, was a true economic modernist with radical ideas. He was one of the few leaders who appeared to be open to modern industry. He believed that rapid industrial expansion was the route to elevate the masses as opposed to domestic household production. Economic modernization and growth were viewed as vital factors for India to achieve self-reliance after decades of foreign dominance when Nehru became Prime Minister.
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THE UK’S ECONOMIC POLICY FAILURE

The United Kingdom under Prime Minister Liz Truss announced the worst policy decisions under their “Growth Plan” to overcome the economic recession and here’s why:
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Legality Of Virtual Currencies In India And Corresponding Tax Provisions

The article discusses the legality of Virtual Digital Assets in India especially with the existence of various Cryptocurrencies such as Bitcoin etc. Further, the implication of tax liabilities as proposed through the recent Budget, 2022 is also understood by way of determining whether the Government deems Cryptocurrency as a valid VDA. The changes in the Indian economy and Crypto market is also explored post the applicability of the tax penalties on income earned through trade of Virtual Digital Assets along with discerning the pre-existing taxation laws on Cryptocurrencies across the globe. The article concludes by questioning the newly designed framework and the imposition of the same on the current Virtual Assets market.
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Greenbacks or Grains: Comparing U.S. and India’s Covid-19 fiscal responses.

During the pandemic, western economies dealt mostly by handing out monetary assistance to support citizens. The view of experts was that India should take notes from the US and hand out money as a form of relief. However, the Indian government did not cave into these pressures. Instead, it chose to prioritize relief for those who needed it the most by providing in-kind relief packages to ensure food security. It also provided support through subsidised or interest-free loans to overcome the temporary liquidity issues of state governments and for capital formation. This article aims to compare the western model of fiscal support, specifically taking the case study of the U.S, with India’s response to the Covid-19 pandemic.
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The Gati-Shakti Master Plan: Propelling India’s Economic Ambitions

India’s potential, however high it may be, has for multiple reasons, not been realised. The delay in liberalisation, introducing reforms, and having a conscious growth focused public policy has caused the economy to be unable to reap the benefits of its young demographics, blessed geography, and socio-economic dynamics. Multiple schemes aim at changing that, with the flagship being the ‘Gati-Shakti’ master plan, focused on infrastructure development.
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“QUIET” LITERALLY: Fathoming the noise about ‘quiet quitting’

This article demystifies the myriad interpretations and manifestations of the term “Quiet Quitting”. Inchoately, the phrase attracted the public eye through a tik tok video, while over time it has become relevant in discourses, especially anent work-life balance.
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FOREX – THE PILLAR OF DECENTRALIZATION

The forex market is a shining example of global collaboration. Should we look at it as inspiration for the future?
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Wading through Irrationality: Demystifying Emotional Finance

Since the beginning of time, traditional financial decision-making has been based on logic, arithmetic, and statistical measures, neglecting emotions. Emotional finance studies how conscious and unconscious emotions influence investors’ individual decision-making that come to climax markets’ development.
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Contribution of Quantum-like Modelling in Financial Market Modelling: Case of Quantum-like Common Knowledge

The article talks about the quantum-like model of probability updates in case of costly signaling phenomenon relevant for financial markets, or economic decision making in general.
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