It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
Is he threatening the users? Let him. Someone else will take the place. This vindicates my view that in India, most businesses run on the basis of loopholes in law and by evading tax. The moment they have to work within four corners of law, these businessmen decide to hang up the boots. Adverse effect of Demonetisation on informal business sector also proves this theory correct. With less cash going around, and compulsion of greater transparency, businesses start making losses. Honest business houses seem to be an exception in India.
Is he threatening the users? Let him. Someone else will take the place. This vindicates my view that in India, most businesses run on the basis of loopholes in law and by evading tax. The moment they have to work within four corners of law, these businessmen decide to hang up the boots. Adverse effect of Demonetisation on informal business sector also proves this theory correct. With less cash going around, and compulsion of greater transparency, businesses start making losses. Honest business houses seem to be an exception in India.