Ad Valoren Tax A tax proportional to the object being taxes Arbitrage The process of buying a good or asset in one market where price is low and simultaneously selling it in another market where prices are higher. Administered price Price set by a single body usually government Asset Stripping Selling surplus land on machinery …
Indian Economy Part 3 – Terminology in Indian Economy Read More »
INDUSTRIAL SECTOR India could not develop a sound industrial base under the colonial rule. Even as the country’s world-famous handicraft industries declined, no corresponding modern industrial base was allowed to come up to take pride of place so long enjoyed by the former. The primary motive of the colonial government behind this policy of systematically …
Indian Economy Part 2 – State of India’s economy prior to the country’s independence – 2 Read More »
State of India’s economy prior to the country’s independence The structure of India’s present-day economy is not just of current making; it has its roots steeped in history Particularly in the period when India was under British rule which lasted for almost two centuries before India finally won its independence on 15 August 1947. The …
Indian Economy Part 1 – State of India’s economy prior to the country’s independence Read More »
