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.
Who is the chairperson of the IFSCA?
As per Global Financial Centres Index (GFCI), what is the rank of Mumbai?
Which of the following is not one of the features of a Global Financial Centre?
IRDA has the power to frame the regulations under section ___of the Insurance Act. 1938.
How is a Banking Unit required to submit its report to the Authority?
Consider the following statements in regards to the Economic Survey of India 2022-23:
1.India became the second-largest mobile phone manufacturer...
The IFSCA Act shall be applicable to o the International Financial Services Centres set up under section 18 of the_______________________.
Which of the following institutions/treaties are engaged in setting up of financial standards and regulations that influence the global financial system?
Any alternative investment fund or mutual fund operating in IFSC shall accept money from eligible investors only in ____________________ as per the SEBI...
Which of the following statements is/are not correct in regards to the AMRIT DHAROHAR scheme?
