During times of economic instability, governments may be forced to take drastic actions. It's possible that to fund certain programs, the government may need to make changes to the country's fiscal policy in areas like taxes. The rules often affect customers' ability to spend, which has repercussions for the economy. Governments may take several economic policies, including automatic stabilizers and discretionary policies. You'll have a better handle on the economy and be able to make more educated financial decisions if you're familiar with these policies. Here, we'll compare and contrast automatic stabilizers with arbitrary government action to see which is ... Read More

It may be necessary for the government to take monetary policies for the economy to fulfill its macroeconomic objectives. Analysts, financial professionals, economists, and investors contribute to the deliberation process by submitting studies on monetary policy options for a country to consider. The necessity to regulate consumption, inflation, liquidity, and expansion to support long−term, sustainable economic growth often necessitates this. The government may pursue a monetary policy by, for example, altering the necessary reserve ratio of banks, buying or selling government bonds, controlling the cost of foreign exchange, or adjusting interest rates. The government has several tools at its disposal, ... Read More

Permits and Licenses are standard terms that we use in our daily lives, but we still often get confused between the both. Even though licenses and permits look like they have the same meaning, they differ a lot.Let’s take a situation. In many states, workers need permits to work in other countries, whereas licenses, on the other hand, are required to maintain legal rules and regulations such as to start something like a business, hospitals, etc. The government uses licenses and permits to regulate the importation, exportation, release of goods, etc. Government can monitor invasion activities easily by using permits ... Read More

Making a mistake on your taxes may be expensive for individuals as well as corporations. Businesses that do not pay their taxes to the appropriate authorities and are subsequently unable to make their tax payments, as well as any applicable interest or penalties, may even be required to close their doors.When it comes to people, tax avoidance may result in severe penalties and possibly time spent in jail. Because of this, people and other types of businesses are strongly advised to make use of the expertise of a trained professional at all times.The authorities in charge of levying and collecting ... Read More

The United States of America has one of the largest economies. It is a mixed economy exhibiting both capitalism and socialism. This economy operates as a free market economy for consumer goods and business services.What is Trump Economy?Donald Trump’s economic policy was mainly characterized by individual and corporate tax cuts, it attempts to revoke the Affordable Care Act, which is also known as Obamacare, trade protectionism, immigration restriction, deregulation focused on energy and the financial sector, and the response to Covid-19 pandemic. During his term, Donald Trump reduced federal taxes and increased federal spending, significantly increasing federal budget deficits. He ... Read More

A bank is a component of the financial system that issues demand deposits while also taking public deposits. Both direct and indirect lending activities can be carried out through capital markets. Banks are heavily regulated in most nations due to their significance to financial stability.While they enable consumers to borrow money, invest, save for the future, and manage smaller chores (such as making deposits and paying bills), banks and the financial services sector are crucial to the economy.Depending on the inclination and financial condition, there are numerous distinct types of banks.What are Commercial Banks?A financial institution that accepts deposits, provides ... Read More

The Goods and Services Act (also known as GST) is a new take of the government on the Indian taxation system. Long story short, it is aimed to merge an array of various taxes imposed on Indian consumers into a single tax. The 101st Amendment of the Indian Constitution introduced the GST Act in 2016. Mr Arun Jaitley, the Union Finance Minister of India, and the GST Council govern the GST Act. GST comprises of a calculated amalgamation of various indirect taxes such as a tax on sale, manufacture, consumption of goods and services across India. It is intended to ... Read More

The government recently made it compulsory to link your Aadhaar card with PAN. It was reported that taxpayers were finding it difficult as their names did not match in both systems which means names with different initials, and different spellings in PAN and Aadhaar card. For encountering such problems, the department responded to such grievances has come out with a simple solution now – linking the two cards together.A PAN (Permanent Account Number) card is a unique 10 character alpha-numeric code that is assigned to all the tax paying entities in India. It is issued by the Income Tax Department. ... Read More

Rash Behari Bose was involved and played a crucial role in the Ghadar Revolution, which was a plan to attack the British army from the inside. Rash Behari Bose was the founding father of Indian National Army (Azad Hind Fauz) which was later capitalized by Subhash Chandra Bose. The Indian National Army was formed by Indian nationalists in 1942 in Southeast Asia during the World War II, which always aimed for a secure Indian independence from British rule.He was very much interested in the revolutionary activities starting from his childhood life, and other than the Indian National Army, Jugantar, was ... Read More

Driving a car in India is really a challenge. The constant increase in vehicles, small lanes, and uncontrollable traffic conditions is creating a lot of stress when people get on the road with a two wheeler or four wheeler.As a citizen, I want the traffic conditions in India to be improved. I have a few suggestions to the authorities and request them to implement the same.Check speed violations and issue challans immediately.Road encroachments should be arrested and roads should be widened to fit the increasing traffic.Strict laws for auto rickshaws, share autos and maxi-vans should be implemented to avoid illegal ... Read More