Proposal to reduce corporate tax from 30% to 25% over the next 4 years increase indirect tax. Implications: The proportion of tax payers is low in India and the black money is one of the major issues hindering the growth in India. So to have a better control over black money, government has reduced the corporate tax and is increasing […]

The global financial slowdown has posed a major concern on the economic growth & prospects of future. So policy makers are framing many short term and long-term financial policies to stabilise the economic situations and bring back the growth trajectory. Schumpeter (1911) believes that proper financial planning is the key driver of future economic growth because efficient financial investments would […]