CARBON TAX An environmental tax which is imposed on products that cause greenhouse pollution due to the use of carbon-based materials.
TARIFF The additional tax imposed on imported goods and services to make them costlier in order to favor indigenous...
We have all grown up hearing the saying, “love thy neighbor”, but is China, our immediate neighbor really our friend?
Neighbors are supposed to act like friends and not foes right, but China’s stance with India over the years has...
In this new-age India, startups are slowly taking center stage.
At Voxytalksy (also a startup), we would like to give impetus to all individuals out there reading this piece to launch their startup with gusto and make our country better...
Today's business field has given this world many billionaire entrepreneurs who have developed the sectors of technology, computers and retails a step ahead; like Jeff Bezos, Jack Ma, Mukesh Ambani, Michael Dell, and many others.
Jeff Bezos :
Born in 1964...
Have you ever got confused about many economic terms you encounter on the news when the Union Budget is announced or when the RBI (Reserve Bank of India) makes a press conference? Fear not! If you are not an...
DEVALUATION Reduction in the foreign v31) DEVALUATION
Reduction in the foreign value of a domestic currency to discourage imports and promote indigenous exports.
32) BOP - BALANCE OF PAYMENTS
The total difference in value between payments that come into and out...
BAD DEBT A debt that is worthless to the creditor and not collectible due to the debtor committing a fraud or going into bankruptcy is called a bad debt. A debt is classified as a bad debt when the...
