Why Mark Zuckerberg’s support to Universal Basic Income(UBI) in the commencement speech at Harvard University makes sense? 

Why Mark Zuckerberg’s support to Universal Basic Income (UBI) in the commencement speech at Harvard University makes sense?  The world is changing very rapidly due to technological disruptions, innovations & massive R&D activities around the globe.  Having a comfortable & cosy life by having a stable job is no longer the norm in the market-driven… Continue reading Why Mark Zuckerberg’s support to Universal Basic Income(UBI) in the commencement speech at Harvard University makes sense? 

Understanding innovation. 

Understanding innovation.  Innovation can take place in two ways: i) innovation in the end-product (Product Innovation)  ii) innovation in the process (Process Innovation)  Product Innovation : involves creating a new/better/improved product/service which is more efficient, eco-friendly, sustainable, cost-effective, etc.  In this, only the outcome is “innovated”.  Process Innovation: in this, the end-product remains the same but… Continue reading Understanding innovation. 

Why the share of Direct Taxes should be more in any economy? 

Why the share of Direct Taxes should be more in any economy?  Developed economies have greater share of direct taxes than indirect taxes in total tax collections by the States.  “Direct taxes help in redistribution of the income”.  How?  Suppose a person A earns 5L INR per annum & pays direct tax (income tax) of… Continue reading Why the share of Direct Taxes should be more in any economy? 

How to measure the income inequalities in economies? 

How to measure the income inequalities in economies?  The economies around the world neither show complete inequality nor complete equality in terms of income of the people.  Lorenz curve, which was developed by Max O. Lorenz represents graphically the inequality in the income. From the Lorenz Curve, we can measure the income inequality by calculating the… Continue reading How to measure the income inequalities in economies? 

What is the utility of Core Inflation? 

What is the utility of core inflation? Let’s first understand the Headline Inflation. Headline Inflation includes all the items of the basket & no item is excluded in calculation of increased prices.  In calculation of Core Inflation, certain commodities are excluded.  Why should we exclude?  Headline Inflation includes some highly volatile commodities whose prices may… Continue reading What is the utility of Core Inflation?