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Economy

Category
Economy

Capital in the twenty-first century (2020)

The French economist Thomas Piketty wrote a book in 2013 that became popular overnight. It presented a dim view of the current state of capitalism and suggested radical fixes which were widely deliberated around the world. Though the topic intrigued me a lot, the size of over 800 pages stopped me from reading the book “Capital in the Twenty-First Century”. Now, Director Justin Pemberton from New Zealand has made a movie of it titled “Capital in the Twenty-First Century”, and that made it convenient for me to learn about it. The film is available on these online services for a…

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Economy

The confusion of zeroes in Bank Account numbers

Most often, when doing electronic fund transfers (IMPS, UPI, NEFT or RTGS) we get the account numbers or the IFSC code in India wrong when consecutive zeroes come or we mix Zeroes and Letter O (the one that comes after N and before P). In the below example, in their passbook, one of India’s Public Sector Banks “Bank of Baroda”, have called out explicitly a Zero in words. Thoughtful of them. I will go a step further and suggest that in future all account numbers and codes should: avoid the letter O, not have consecutive zeroes, no number or character…

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In Economy

The taxpayers’ charter for India

2 Mins Read

I had an Income Tax case running for one of my businesses from FY 2006-07 until it ended in FY2016-17. For a decade, the case wound its way through the department (Officer, Commissioner, Appellate, Tribunal and so on), at every…