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.
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
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.
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.
"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.
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