Eight richest people in the world own fifty percent of the world wealth

A report by Oxfam reads that the 8 richest people in the world owned approximately 50% of the world’s wealth. Its report “An Economy for the 99%” states that “New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. The very design … Continue reading Eight richest people in the world own fifty percent of the world wealth

What is the difference between tolerance and intolerance?

A just society comprises of two types of people viz. tolerant and intolerant, wherein it tends to tolerate the intolerant. The word tolerate is understood as to allow or to permit, or to recognize and respect others’ beliefs and practices without sharing them and/or to bear or put up with someone or something not necessarily liked. Tolerance inter alia involves three elements: permitting or allowing; a … Continue reading What is the difference between tolerance and intolerance?

GST Tax reform- reporting the bigger picture

GST is not merely a product of objective analysis. The national debate on its implementation is a case in point i.e. to be weighed upon a broader taxation policy perspective. The question at stake is the viability of taxation policy in the whole, which is a dire reflection of the economic policy, highly apprehended by the duties of a state. As per reports, India’s present … Continue reading GST Tax reform- reporting the bigger picture