A large number of countries in the World are trying to work out a twin pronged tax reform plan. According to the Organization for Economic Development and Cooperation (OECD),136 countries and jurisdictions representing more than 90% of global GDP have agreed to join an accord to impose this global tax reform plan. These constitute over […]
Continue ReadingThe central banks in most economies have twin objectives of maximizing employment/growth and keeping prices stable at around targeted levels. However, covid19 put forward an unprecedented syndrome to grapple with and most central banks, have tried to inject liquidity into their respective economies through lowering interest rates, buying bonds and easing out credit deployment and […]
Continue ReadingThe global economy seems to be making a gradual and uneven recovery from the unprecedented COVID-19 pandemic largely on account of the extraordinary policy responses by monetary, fiscal and regulatory authorities and the continued covid19 onslaught at varied pace and forms in different parts of the world. The focus of the economic stimulus in most […]
Continue ReadingThe economists and the institutions today are faced with a typical challenge to forecast the future levels of economic activities in extremely uncertain conditions. A forecast is defined as a statement of what is expected to happen in the future, especially in relation to a particular event or situation. Covid19 has made the task of […]
Continue ReadingOnce again we have come across the concept called “new normal” in the wake of covid19 aftermath. The term new normal was most widely heard in the in wake of the global financial crisis in 2009 that brought about global recession. It was a way to caution against the prevailing (and dominant) market and policy […]
Continue ReadingRecently the International Monetary Fund has released a report that summarizes the key economic responses taken by 196 economies to limit the human and economic impact of the COVID-19 pandemic based on information publicly available or provided by the respective authorities of these nations. Several governments have taken various discretionary actions such as providing tax […]
Continue ReadingCovid19 has spread fast. It has crippled lives of millions of people and consequently hurt economies of several nations in a span of a couple of months. It has not even spared the nations which are known to have the state of art health facilities or infrastructure. Many people have lost their lives. And many […]
Continue ReadingThe global economy is projected to contract by 3 percent in the year 2020 much worse than during the 2008-09 financial crisis. The COVID-19 pandemic is inflicting high human costs worldwide. As there are no proven medicines or vaccines to contain this pandemic, various countries had to resort to social distancing and the complete lock-down […]
Continue ReadingWhen the level of economic activity is subdued in a country, the fiscal measures often prove more effective than the monetary policy instruments, but if both are used together, with a common objective of promoting growth or containing slowdown, it may give far better outcomes. Corona Virus has hit the world hard. Millions of people […]
Continue ReadingThe Corona pandemic has now spread from an industrial town Wuhan in China to 198 countries and the number of cases is increasing day by day. According to media reports, over 460,000 cases have now been reported and about 23000 people have lost their lives due to this virus across the globe. This is […]
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