Monetary Policy: Flirting with inflation

Monetary Policy has the unenviable and often daunting task of simultaneously promoting or sustaining growth in gross domestic product (GDP) and containing inflation within reasonable bounds. The task set for monetary policy is daunting because, as it is known to many, growth and inflation are often at loggerheads and work...

We the delinquents

Income tax collections are more like adornment to the country's taxation regime due to the low returns generated. GDP-tax ratios are one of the lowest in the sub-continent and though we hear of ambitious numbers - the latest being bandied is roughly two million submissions currently. That leaves 1.8 million...