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Showing posts from October, 2023

GI Tags In India: Have they benefited Indian products?

Sheela Mamidenna GI Tags in India: Have they benefited Indian products?   Liberalisation of markets and the winds of change have metamorphosed intense debates on salubrious issues such as frameworks for trans-border marketing, tariff reductions, and protective and balanced shells for indigenous businesses, ensuring that human resources and their skills are utilised to the maximum. Bio-resource conservation offers the distant hope that the future world of markets will be more enriching contributing to a better quality of life for future generations. The race to capture ‘every kind of market’ makes it alluring to innovate and creatively captivate the consumer towards one’s products or services.   A consumer’s choice of products/services is influenced by a wide range of factors and the very notion of distinction or exclusivity associated with a particular product or service gets retained in the minds of the consumer for a longer time. To retain the uniqueness of such products and...

The 2009 GST framework had only two rates, 5% & 14%, Asim Dasgupta

  5% was kept for essential commodities and industrial inputs while the 14% was kept as the general rate. by Sheela Mamidenna As the Chairman of the Empowered Group of State Finance Ministers which was instrumental in the formulation of GST Laws in 2009, Dr Asim Kumar Dasgupta can be rightly called as the ‘architect of GST’. A reformer by heart he set out to mastermind the most ambitious tax reform in Indian history by introducing the Value Added Tax (VAT). He was the man who was instrumental in doing away with many draconian tax levies such as octroi and highway toll in West Bengal and was fondly referred to as ‘my US-trained finance minister’ by the then Chief Minister of West Bengal, Jyoti Basu.  Dr Dasgupta, an MIT graduate continues to inspire the new generation as he lectures at various seminars and reorganises his thesis titled, ‘Essays on Income Distribution and Capital Accumulation in Developing Countries’ that is likely to be released in 6 months.  In a freewhee...

Jayalalithaa the star of Tamil Nadu fades away

  By offering freebies and massive subsidies, Jayalalithaa or 'Amma' as she was fondly called became the darling of her people. Sheela Mamidenna J. Jayalalithaa, the able and charismatic  Chief Minister of Tamil Nadu , passed away on December 5 while undergoing treatment in Chennai. Known for her acumen as a keen administrator, shrewd politician and erudite speaker, Jayalalithaa took on the development of the state of Tamil Nadu on a war footing with an iron hand. She realised early on in her career that people wanted an able administrator who would take care of all their needs and she listened to them. By offering freebies and massive subsidies, Jayalalithaa or 'Amma' as she was fondly called became the darling of her people. Among the most ambitious of her projects was the power generation and supply project. Power generation and supply Tamil Nadu, once power-surplus, literally fell into the dark ages, with a steadily worsening power situation, starting around the ...