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Vivek Singh

Economy

Timeline

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05-Jun-2021 11:52 PM

Digital Services Tax OR Equalization Levy or Google Tax

useful link: https://www.youtube.com/watch?v=Kj6hjprHk4U&t=57s

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28-May-2021 09:26 AM

Link between FDI and CAD

useful link: https://www.youtube.com/watch?v=xnnFmwjJx_Y

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15-May-2021 10:15 AM

Special Long Term Repo Operation (SLTRO)

1) RBI will be providing long term loan of three years to Small Finance Banks (SFBs) at repo rate so that the SFBs are able to lend this money further to small business units, micro and small industries, and other unorganised sector entities which are adversely affected during the current wave of the pandemic. The maximum loan that the SFB can give to a single borrower is Rs. 10 lakhs

2) SLTROs will be conducted on Core Banking Solution (E-KUBER) platform. The operations would be conducted at fixed repo rate. Bids below or above policy rate will be rejected.

3) The Reserve Bank reserves the right to decide the quantum of allotment and/or accept/reject any or all the requests, either wholly/partially, without assigning any reason thereof.

4) In case of over-subscription of the notified amount, the allotment will be done on pro-rata basis.
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 on 23-May-2021 12:18 AM
thank you sir

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11-May-2021 10:10 PM

https://youtu.be/oabj-vRKm34

In this video Vivek sir has explained that even if the GST rate on medical devices is brought down to zero percent then also the prices may not come down.

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09-May-2021 09:06 PM

Food for thought

We should solve the disease and not the symptoms. We should solve the dengue epidemics by controlling mosquitoes and not by building hospitals; we should solve accident related health problems by improving road safety and not by building hospitals. We should solve respiratory ailments by improving air quality and not by building hospitals.

In light of the present covid crisis which created a havoc all over the country and specially in metros and Delhi was the worst affected, I would like to say that if the Delhi air would have been cleaner and our lungs (and this is clear from from the fact that everyone was chasing oxygen cylinders) would have been stronger then the impact of covid would have been less on us. The solution to this present covid problem is not in building too many hospitals (of course we should have good number of hospitals as per our population) but rather the State should focus on providing good air. [If too many hospitals are built and if this kind of crisis comes once in a century then it may be a wastage of public money also. But that is another matter that even to reach a reasonable level of hospitals we will have to build much more hospitals ??]

People here in India (and in Delhi) are very happy when they get freebies like free electricity, free water, free ride for women in delhi buses etc. etc... But they do not get good air. "Air" is a public good and the STATE must try to provide us clean air and it should spend money there because no private company will ever provide/spend on good quality air (of course they can provide air purifiers just for your homes). Air is a public good (non excludable and non rival) and STATE is duty bound to provide us clean air. But for that the citizens will also have to say to the politicians that we do not want freebies like electricity, water ... as that we can purchase.................but we must get good quality air. Just think over it that why Governments do not take enough efforts in providing good quality air but are very much willing  to give free electricity, bus ride and other things...............because providing good quality air is quite challenging and requires a lot of strategy/planning/effort/time which the govt. may not have/posses and they know that elections will come in next five years. So, better give freebies with taxpayers money rather than think for the long term health of the public. So, if politicians are not thinking about us then we must have to think for ourselves and ask for clean air and reject the subsidies/freebies.
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08-May-2021 07:52 PM

Base Effect

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