Business

MPC’s final dose of QE is intended to give the economy a shot in the arm

Hard data on economic growth, manufacturing production and exports from the likes of the US, China, Japan, and Korea, point to a return to growth for the global economy in the third quarter.
In recent months the deliberations of the nine sages of the Bank of England’s Monetary Policy Committee have become somewhat tame, and even [...]



The Global Financial Meltdown and Gandhian Philosophy

Under the auspices of the Mahatma Gandhi Centre, Colombo, Sri Lanka, Professor Veena Sikri delivered a lecture on the abovementioned subject on Monday, 22nd June 2009. Professor Sikri is Chairperson, Jamia Millia Islamia, New Delhi, and a former Indian High Commissioner to Malaysia and Bangladesh. Formed in 2006, the Mahatma Gandhi Centre, Colombo, [...]



Tax Treatment of Temporary Resident Employees

As an incentive to foreign companies to set up business in the UK, both the UK company and the employees of the foreign company seconded to the UK can receive certain special tax breaks; some available for an allotted time period only and others for the duration of the employees stay.  We should make clear [...]



Ban on short selling shares and Stock Market trends

Ever since 1609, when Isaac Le Maire, a Flemish merchant, encouraged a group of investors to push down the share price of the Dutch East India Company (VOC) short sellers have been blamed for almost every market decline. Even after the 9/11 attacks on the World Trade Centre there were rumours that Osama Bin Laden had shorted the market mainly financial and insurance sectors to his benefit, before the attack.



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