The Times of India

The alchemy of VAT

The Kelkar Committee has submitted two reports. One is on direct taxes, levied on incomes and wealth (eg. income tax, corporate tax, wealth tax). The other is on indirect taxes levied on goods and services (eg. excise duty, sales tax). […]

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Amartya Sen revisited

NEW DELHI: Amartya Sen complains (TOI, November 19) that I have not quoted him properly and distorted his views on education. Okay, let\’s quote him at length. Sen had written for the Pratichi Trust about a field study in West

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Nobel Prize Insights

Daniel Kahneman has won this year’s Nobel Prize for economics for showing that human beings are irrational. Readers will ask, isn’t that too obvious to merit an award? Answer: an economist is one who observes that something works in practices

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