Tobin Tax has immense potential when used along with complementary policies such as counter-cyclical and macro-prudential measures.
Prime Minister Manmohan Singh on Tuesday ruled out imposition of Tobin tax on capital inflows in the country, saying the situation in India has not not reached a problem stage.
The Tobin tax, first proposed by Nobel laureate James Tobin in 1972, is a sales tax on cross-border currency trades, aimed at discouraging speculation by making currency trading more costly.
Reserve bank of India governor Duvvuri Subbarao has said that India is not contemplating imposing Tobin Tax on capital inflows, but did not rule out introducing it later.
Organisers describe it as "the southernmost marathon on Earth".
Qatar no playground for playmakers as defenders clamp down
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
Tobin tax and a financial sector levy could be considered, says former RBI governor. India should manage its capital account irrespective of high or low inflows, Y V Reddy, former governor of the Reserve Bank of India (RBI), said.
If investors decide that US equities are good value, the consequences for the Indian market will be dire.
An unlikely romance, a terrible tragedy, a search for a fairy tale, a witch in the making and a legally dead guy fighting to reclaim his life, Sukanya Verma recommends all this on OTT this week.
Bayern Munich forward Robert Lewandowski was named The Best FIFA Men's Player 2020 on Thursday, beating off competition from last year's winner Lionel Messi and Cristiano Ronaldo.
Bolton Wanderers's Fabrice Muamba has made a miraculous recovery after being 'in effect dead' for 78 minutes following his cardiac arrest in Saturday's FA Cup quarter-final, doctors said on Wednesday.
Finance Minister Pranab Mukherjee is likely to oppose suggestions to introduce a financial transaction tax, commonly known as tobin tax.
In Federal Court papers filed this month and reviewed by Reuters, Tendulkar said Sydney-based Spartan Sports International agreed in 2016 to pay him at least $1 million a year to use his image, logo and promotional services to sell "Sachin by Spartan" sporting goods and clothing.
The US women's soccer team's claims for equal pay were dismissed by a court on Friday, handing a victory to the United States Soccer Federation. Judge R Gary Klausner of the United States District Court for the Central District of California threw out players' claims that they were under paid in comparison with the men's national team but allowed complaints of unfair medical, travel and training to proceed to trial.
There are a number of factors that helped India remain relatively unscathed. Some of them are to do with RBI and some of them are to do with the Indian economy.
Another day, another series of star sightings at the ongoing Toronto International Film Festival.
Japan, US have revenge on their minds.
The United States needed two Megan Rapinoe penalties, one of them controversially confirmed after a lengthy VAR review, to beat Spain 2-1 on Monday and set up a quarter-final clash with hosts France at the women's World Cup.
Dr Mahmood Alam, an Indian scientist, is among a group of top international scientists who has identified a key protein that if targeted stops malaria, paving the way for new treatments.
Megan Rapinoe struck twice as the United States beat hosts France 2-1 in the women's World Cup quarter-finals at the Parc des Princes on Friday to set up a last-four clash with England.
Rapinoe broke the deadlock with a 61st-minute VAR-awarded penalty before Lavelle rounded off the victory eight minutes later with a left-foot effort from just inside the area as the U.S. added to their 1991, 1999 and 2015 titles.
The American captain struck three times inside 16 minutes as the US stormed into an unexpected and unsurmountable 4-0 lead over their shell-shocked opponents.
Landmarks across the city have been bathed in a dazzling array of colourful lights, from the Sydney Harbour Bridge to the Opera House. Other key areas illuminated include Martin Place, Kings Cross, The Royal Botanic Gardens, Barangaroo, Chatswood and Taronga Zoo.
"Terrorists won't win," New York Mayor Bill de Blasio said after a blast at the Port Authority terminal in Manhattan during the morning rush hour on Monday, which injured four.
And, since, pictures speak more than words, Rediff.com brings you images from these sporting events and others that made headlines in the week gone by.
The strategic alliance between China and Pakistan is primarily driven by their rivalry with India, eminent US experts have said, with one of them expressing concern over Sino-India border tensions.
'Is this the only way for India to become a $5 trillion economy?' 'When you have unused foreign exchange here, why borrow more dollars?'
News of all that's transpired on and off the football field.
Nchout sends Cameroon through with last kick of game
India has remained obsessed with cheap capital and infrastructure spending when instead the central constraint on Indian development remains the abysmal quality of Indians' skills, says Mihir Sharma.
News of all that's transpired on and off the football field
'If credit is not available, people will postpone buying. That's what has happened.'
News of all that's transpired on and off the football field
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