While Russia is evading Ukraine, India has remained silent on the entire crisis. Even at the United Nations General Assembly, when 141 countries voted for a resolution..
Year: 2022
War Economics – Impact of Russia’s evasion on global trade
The United States has historically used economic sanctions as a weapon in the international war, owing to the dominance of US dollars. However, the overuse of sanctions..
War Economics – Economic warfare between Russia and the west
The main principle of war is to hurt or harm the enemy as much as possible. And what hurts more in the twenty-first century than money? While..
War Economics – What is NATO, Why Ukraine seeks its membership?
North Atlantic Treaty Organisation (NATO) North Atlantic Treaty Organization (NATO) is a military alliance that was formed in 1949 by 12 countries. It derived the name ‘North..
War Economics – Why did Russia attack Ukraine?
Prologue Right and wrong – surprisingly, the simplest and yet most widely misunderstood concept, even in the twenty-first century where the world thrives on data and instant..
Glimpse into the future from the technology under development
Metaverse Background The coronavirus pandemic has forced corporates around the world to rethink their future course of action. While the superhumans at the head of corporates cannot..
Budget 2022 – Comprehensive analysis of budget announcements
“There’s no surprise, that’s the surprise.” Preface Cut your coat according to your cloth, because if you don’t, you will lose them both! Budgeting is an essential..
Budget 2022 – New Faceless Assessment Scheme
More time to release new faceless assessment schemes The scheme for faceless assessment for determination of arm’s length price under section 92CA, dispute resolution panel under section..
Budget 2022 – Concept of ‘Updated Returns’ explained
After filing the return, a taxpayer has an option to file a revised return or if not filed altogether, an option of filing of belated return. The..
Budget 2022 – Changes in the Income Tax Rules
New option to file ‘Updated Return’ after paying 25 – 50% additional taxes Under new section 140B, for filing an updated return, a taxpayer has to mandatorily..