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India Does it Again!

Economic reforms and fiscal discipline are amongst the most difficult things to manage even for economically developed nations with matured media and fully literate population. The negatives from reforms are visible immediately in lost popularity and public outcry, and the positives take a very long time to fructify – by that time, often, the next Government is running the show – in a democratic country, of course. Now just imagine how difficult implementation of reforms could be for a vibrant democracy and fast developing economy like India with its huge poor and illiterate population.

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The Morality of Taxation

Governments need money to fix the roads; to keep airports running; to keep bridges safe; to pay the armed forces; to maintain fire departments and police departments; to maintain a clean and secure water supply and to provide a social safety net for the old, infirm or less fortunate.

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The Importance of IPR protection

Unlike any other creatures in this world, humankind is gifted with the power of thinking. The human mind is a unique creation that allows a human being to think and act. Creativity in the human mind is the reason behind all or at least most innovations occurring almost every day in various fields. Over the last 150 years, innumerable inventions and discoveries have been made by great intellectuals in different fields. In order to protect those inventions and discoveries, the world started recognizing such inventions and discoveries by conferring the ownership to the inventor by way of granting Intellectual Property Rights (IPRs) in respect of such inventions.

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Indian Government Constitutes Anti-profiteering Agency

Given the country-wide slowdown in economic activity due to implementation of Good and Services Tax (‘GST’), the government of India is trying to assuage the sentiments of industry, customer and public at large by reducing GST rates.

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