Skip to main content

About




E
conomics related issues mainly are a focusing part of economics. It shows how the economics is related with our social life. Merely we have an idea that economics mean demand and supply at micro and macro levels and lots of calculation, but apart from this economics is a social science also. All the theories, calculation of economics are made to change our life and to find the way of uplift our society. Through this site I am trying to focus how economics is intensely related with our social life and how it helps us to improve our day today life. Through my blogs I will discuss more economics and less and simple calculation, which will help not only the economics learner but also the common people who really want to know the inner economics.

Now, I tell you about me,My name is Snigdha .I am married and we have a child. I have completed my masters in economics. After that I joined a job in the N.G.O sector, where I found how the economics is immensely related with the social life. In the N.G.O sector when I spent one month at an interior village in Westbengal, as a part of my N.G.O training, I really feel the meaning of the popular economics line “A country is poor because it is poor”.

My blogging career is not so much long. I am just a beginner blogger. I gathered my ideas about blogging from internet. I really enjoy the journey because it is the platform where you able to share your ideas with the world.

My first article in www.economicswithsnig1.blogspot.com is How gst works .In this article I try to focus on  the basic calculation part of G.S.T. You may also like my tax related articles also, like



Hope you like my site.

                                 thank you.

Comments

Popular posts from this blog

Types of Patta or Deed of settlement prevail in India

                                                        Types of Patta               T he special lands which government holds are distributed among the landless family in four ways. So we can say that there are four types of deed of settlement or patta prevail in India. They are   1) Agriculture patta , 2)Nijo Griho Nijo Bhumi (NGNB) 3) Forest patta and 4)Refugee Patta 1) Agriculture Patta –Agriculture patta mainly given for agriculture purpose to share copper and tenant farmers.(maximum amount of land that have given   by the government is one acre, depending upon how much barga farmers actually hold.)Agriculture patta really motivates the landless farmer and encourage to implement the new technique to produce more. Before the agriculture patta where share copper bound ...

How GST works

Now a day’s GST is the most important topic to discuss .As our prevailing Government has change the total indirect tax structure through GST. All we know the full form of GST is Good and service tax but the confusion arises when some commodity is cheaper and some are dearer. In our federal structure there are two types of tax , direct tax and indirect tax . Income tax, interest tax, wealth tax corporation tax all are fall under the direct tax regime &custom duty, excise duty, sales tax, service tax all are example of service tax. As GST is implemented on indirect tax so we have to clear it that our income tax is not takes effect through it. Indirect tax is called regressive tax because when a tax levied to someone it will be passed to the other & the weaker section bear a heavy tax burden than the richer section. So to minimize the tax burden & for more transparency GST is a better way. GST is a single tax system which unified our tax structure &give ...

Tax and its principle

Canon of taxation A good taxation system must achieve some major objectives from the justification ground, which is able to turn the taxation system more equitable for the public and at the same time decrease inequality from the society. This principle must be fit for social welfare context also. To achieve this criteria the great economist Adam Smith suggested four important set of principle. This is popularly known as Canon of taxation.Some other economist also suggested some more canon of taxation. The major four canon of taxation which is prescribed by Adam Smith are 1) Canon of equality - taxation is not a process of collection of tax only rather it has some major objectives also. To erase inequality from the society it may takes an important steps. In realistic situation we face income is subject to diminishing marginal utility .That means if income increases the utility derived from the additional unit is decreases. In that case if same percentage of tax is applicabl...