Archive for May 23rd, 2016

How Financialisation is destroying US economy (how far is India from it?)

May 23, 2016

Rana Fourhar of Time Magazine has penned a new book on how Financialisation is destroying US economy. INET has an interview and here is a brief overview of the book by the author herself (thanks to Gulzar for the last link).

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Economists discover Quasi-Equlibriated economic sub-particle

May 23, 2016

Prof. Steve Keen who has taken multiple digs at conventional economics takes another dig at the macro world.

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How taxmen are tracking your Facebook pictures to ensure proper filing of taxes…

May 23, 2016

Never underestimate the government especially when it comes to collecting more and more taxes. One may be posting his/her pics on EB to draw several likes and neighbor’s envy but is now also drawing attention from tax authorities.

Next time you are hiding your taxes saying low business income etc for the year, pop will come a picture from your Facebook showing a foreign holiday recently. The question the tax person will ask is if incomes are indeed low how did this holiday come about?

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Another prospective payment bank surrenders its licence…

May 23, 2016

As the blog was travelling over the weekend, another news came from the newly licenced payment bank industry.  The news was not a good one as another player dropped out from the race after Cholamandalam group opted out of the race.

The second one to opt out is a venture headed by Mr. Dilip Shanghvi with Telenor and IDFC as partners:

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