If a government defaults on the value of its debt by 3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.
I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
Consider the following statement regarding “PM Vishwakarma Scheme”;
I.There is a provision for Basic Training of 5-7 days and Advanced Traini...
Who has been appointed as the independent director of the Indian public sector undertaking Satluj Jal Vidyut Nigam?
______________ has been ranked eight for on-time performance among large international airports globally for 2021 by Cirium.
Which film has been selected as India’s official entry for the 94th Academy Awards?
What is the primary aim of the Memorandum of Understanding (MoU) signed between the Indian Navy and M/s Uber?
India has released its vision document, ‘USD 300 billion Sustainable Electronics Manufacturing & Exports by ________’ a roadmap for becoming a $300...
The book ‘Herbal Garden Medicine’ is written by?
Who is the CEO of Max Life Insurance?
Chilikalake has become the single largest habitat of Irrawady Dolphins in the world. Chilika lake is in the state of:
Who laid the foundation stone for the 'Divine Light House' of Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya in Odisha?