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Tax reforms are a perennial topic of discussion in any economy, aimed at ensuring equity, efficiency, and revenue adequacy. In India, one area that has sparked considerable debate is the exemption of agricultural income from taxation. This policy, rooted in historical and socio-economic considerations, warrants a critical review in...
In today's interconnected world, the sudden incapacitation of approximately 8.5 million computers globally due to the "Blue Wall" disruption has sent shockwaves across the globe. This unprecedented outage, impacting users of the Windows operating system, has raised serious questions about the resilience, security, and reliability of our increasingly interconnected...
The global repercussions of cybersecurity failures became glaringly apparent on Friday when Microsoft's Azure experienced a major outage. The disruption, reportedly linked to CrowdStrike—Azure's primary cybersecurity defense—left countless users facing unresponsive blue screens, halting work across various sectors. This incident notably impacted airlines, media outlets, and financial institutions worldwide,...
Every four years, the global spectacle of the Olympic Games highlights a recurring disappointment for India. This cycle will likely continue at the Paris Olympics, underscoring a persistent issue beyond just athletic performance. While the Winter Olympics draw less scrutiny due to India's tropical climate, the Summer Games expose...
A recent study published in the journal Science Advances by researchers from several universities estimates that India experienced 1.19 million "excess deaths" in 2020 compared to 2019. The study also indicates that life expectancy at birth dropped by 2.6 years and mortality increased by 17% in 2020. These alarming...
At its core, a budget, whether for a household or a government, operates on the same principle: balancing expenditures with income. However, a significant distinction exists. Governments possess the sovereign authority to print money, a power not available to households. For Finance Minister Nirmala Sitharaman, crafting India's budget is...
Just hours before a highly anticipated runway show at the Tate Modern museum in May, François-Henri Pinault, the billionaire owner of Gucci, convened with his newly appointed leadership team at their London office. This was no ordinary meeting; it marked a critical turning point for one of the world’s...
The "Blue Screen of Death" (BSOD) has symbolized technological failure since the 1990s when Microsoft's Windows became the world's leading operating system. Recently, this notorious blue screen has reappeared, causing widespread disruption and raising serious concerns about the reliability of Microsoft's software. With millions of users worldwide facing the...
Last Friday, a global tech blackout rapidly spread, bringing critical sectors such as airports, hospitals, and banks to a standstill. This incident, though alarming, was not unprecedented. As our global systems increasingly depend on a few key tech service providers, the question arises: can we achieve full insulation from...
In a global economy where multinational corporations often navigate tax jurisdictions to minimize their tax liabilities, the concept of a global minimum tax has gained significant traction. The idea is simple yet profound: establish a minimum level of taxation that countries agree corporations should pay, regardless of where they...