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.
Recently which of the following American firm sold its entire 7.78% stake in domestic food-delivery company Zomato for Rs 3,088 crore ($390 million)?
________ has become India’s first payment gateway to process the Reserve Bank of India’s Central Bank Digital Currency (CBDC)   for online retail...
Which mission has played a key role in India becoming the world’s top milk producer?
What is the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks (SCBs) in September 2023, according to the FSR?
In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) has introduced sops for large corporates (LCs), which have raised...
Under what conditions can financial services be offered by units in an International Financial Service Centre (IFSC) to non-residents, according to the ...
The Reserve Bank of India has revised its master direction on Know Your Customer (KYC) for regulated entities to incorporate amendments to the Preventio...
Who will jointly inaugurate the Fishing Harbour at Juvvaladinne in Nellore District of Andhra Pradesh?
What significant discovery was recently announced by Union Minister Dr. Jitendra Singh in the Mandya and Yadgiri districts of Karnataka?
Who won the Turner Prize 2024 for the exhibition “Alter Altar”?
Relevant for Exams:
