Monday, July 30, 2012
Wednesday, June 6, 2012
Public sector carrier Air India has been in troubled waters for quite some time. The main reason for all its problems seems to be its highly inefficient operations. As today's chart of the day shows, Air India has the highest numbers of employees per aircraft. No reputed airline in the world has such a high ratio. What is the reason for overstaffing at Air India? One reason that is cited for the high number of employees at the national carrier is that it tends to hire staff to please political bosses. In other words, the hiring has little to do with operational requirements and competence but just political connections. This is certainly not acceptable because taxpayers' money is being pumped into this ailing carrier.
Do you think the government was right in bailing out Air India? If not, then raise your voice and participate in our Ban Bailouts campaign. Remember every vote counts.
Data source: Business Today
Tuesday, May 29, 2012
Monday, October 3, 2011
Benjamin Franklin famously quoted that "in this world, nothing is certain but death and taxes." This statement is definitely true for most emerging markets. Today's chart of the day shows the personal income tax rates (at the highest bracket) for countries in the BRICS (Brazil, Russia, India, China, and South Africa) nations. Out of these only Russia is spared, having a flat tax rate of 13% applicable to domestic residents. In India, the highest tax bracket kicks off at Rs 0.8 m, and the maximum income tax rate on income is 30.9%, including an education cess of 3%. In China, the highest income tax rate is a whopping 45%. Both India and China pay taxes at a rate, well above their Asian peers. In the Asian region, the average rate remains at just over 23%.
*includes educational cess of 3%
Wednesday, September 28, 2011
Tuesday, September 27, 2011
he was one of the most decisive leaders this nation has seen. On all crucial issues, he took decisions that have continued to shape India's rise over the last two decades. Manmohan Singh [ Images ] is touted as the father of Indian economic reforms but as Singh has himself acknowledged it was Rao was fathered the process. Singh was an economic technocrat with little understanding of the political constraints. It was Rao who shielded Singh from the Left of his own party who had left no stone unturned in opposing the economic liberalisation programme.