48 results found
At this event, Surjit Bhalla will be discussing from his recent book The New Wealth of Nations. He argues that today, over 70 per cent of the world’s middle class reside in the erstwhile poor countries; world income inequality is...
The under-appreciated economic miracle of education in Asia and beyond The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the global middle class resides in the erstwhile poor countries. Much more than...
The best tax policy for the taxman is one that maximizes tax revenue, and not one that maximizes his morality, or his employment, or his discretionary powers.
Surjit S. Bhalla Surjit is a former part-time member of Prime Minister Narendra Modi’s Economic Advisory Council. In addition, he serves as Chairperson for the Ministry of Commerce High Level Advisory Group on Trade; Economic Adviser to the Fifteenth Finance...
With the government swimming in tax revenues, it makes little economic, or revenue, sense to reintroduce the long term capital gains tax after a hiatus of 14 years. Why?!
India can, and must, reform its welfare system for a transforming India – more efficient redistribution is desirable for both ethical, and political, reasons.
The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour
A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth). Given this ‘unexpected’ result, will the knee-jerk critics of demonetisation please stand down?
The world is on course for good growth, low inflation, lower taxation and increased income support for the needy. And yes – declining global inequality.
This election was the first since slow economic growth was apparent and in the data. A slow economy, however, was not the only factor — after all, in Himachal Pradesh, the BJP won by a large margin.