Question
Tobin Tax is applicable on which of the following?
Solution
Tobin tax is a tax on international flow of short term capital. The tax is known after economist James Tobin who proposed it in1972 in the form a currency transaction tax. Basically, Tobin tax aims to discourage volatile short term capital flows or hot money which are very speculative . The burden of a Tobin tax is inversely proportional to the length of the transaction, i.e., the shorter the holding period, the heavier the burden of tax.  Variants of Tobin tax are imposed by many countries to discourage short term capital flows or hot money. In India, the Securities Transaction Tax (STT) can be considered as a type of Tobin tax.
The Chagos Archipelago or Chagos Islands is located in which ocean?
Which one of the following is not a genetic disease?
Which of the following is NOT an example of rocks?
Which Article defines the powers of Union and States with respect to governor?
Who is the CEO of IBM?
According to a study by the Reserve Bank of India (RBI), what is the expected percentage increase in total private sector investment in the current fina...
What is the primary focus of the CDP-SURAKSHA platform launched in April 2024? Â
Which of the following options represents the total income earned by individuals from all the sources before deduction of personal income taxes?
India's first Heli-Taxi service was launched in:
Which word in not in Preamble?Â