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October 2018
Vol. 13 No. 2India has played a deciding role in the G20 Summit on International Trade, International financial and Tax Systems at Argentina, South America. Prime Minister Modi suggested to form Financial Action Task Force (FATF) to formulate a standard definition of fugitive economic offenders and further to develop a set of commonly agreed and standardized procedures related to identification, extradition and judicial proceedings for dealing with fugitive economic offenders to provide guidance and assistance to G-20 countries, subject to their domestic law. India will rise soon as a New Economic Power of East. Now, I congratulate all of you for this October 2018- Volume 13 No. 2 issue. Please be connected through our website www.jctindia.org.
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April 2018
Vol. 13 No. 1The well-being, the welfare and the future-security of human capital is not only the responsibility of the government but also the urgent need of the hour. Thus, proper employment and adequate income is the key for all the above requirements which are proving to be threat rather than opportunity. The main hurdle in the way to enhanced per capita income is the lack of appropriate and suitable employment to Indian youth. I hope 2024 will give new shape to India and its people. Here, I will not forget to thank all my Editors, Editorial Members, Review Members, Administrative Team and Authors to support in the publication of this April 2018 issue.
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October 2017
Vol. 12 No. 2Demonetisation, Digitalisation and GST are the talk of the town these days. Digitalisation also provide easy monitoring of cash transactions, audit of tax-procedures and tracking of illegal transactions. Well, all big strategic analysists are taking these Demonetisation, Digitalisation and GST issues as big policy shift and future focused. The success of our every effort is due to active support of our editorial, review and administrative team and the authors. I am thankful to all concerned.
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April 2017
Vol. 12 No. 1India is already one of world’s fastest growing major economies. Finance Minister, with much hope, comments that it will restore efficiency and growth by creating a common market of 1.3 billion consumers, a population greater than the US, Europe, Brazil, Maxico and Japan combined. Manufacturing states initially suffer as the extra revenue is generated in more populous consuming states. There are also some sectors untouched by the new tax including alcohal and real estate. Now, we have entered in another UGC approved journals era in India. Journal of Commerce & Trade is UGC approved journal bearing No. 48687. This is 23rd issue. 12th year of publication has been started. The success of our every effort is due to active support of our editorial, review and administrative team and the authors.
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October 2016
Vol. 11 No. 2The size of India's black money considering the huge unorganised sector along with self-employed people, illiterate people, migrant workers, immigrants from neighbouring countries, election pattern, a chain of taxes, rules and regulations of daily businesses etc is estimated to be around 25 per cent GDP. India has to learn to curb unclean money market by reducing tax rates to 15 per cent-20 per cent. Cheaper brisk Internet facility to Indian citizens has risen as a new big challenge in the way to economic growth in India. I am thankful to all concerned and associated ones on the launch of 22nd issue. We have done a lot and trying to give more value to the writings of our learned authors.
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April 2016
Vol. 11 No. 1‘Swachh Bharat Mission’, MNREGA and AADHAR schemes, Railways and the railway stations, the oil prices, the LPG subsidy allocation, the LPG availability, the power, the security issues, the banking reforms and everything is being dealt very smartly only to give smoothness to the lives of Indian citizens. Corruption is lowered. The development process is energized with speedy corrections in the economy. Now, you have 21st issue in your hands. I am thankful to all concerned and associated ones. We have done a lot and trying to give more value to the writings of our learned authors.
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October 2015
Vol. 10 No. 2Prosperity, Progress, Building a More Peaceful and Secure Country, Fairness in the trade practices, equal incidence of tax and lowering the corruption are some rules of thumb, which have to be dealt on an urgent basis. Political transperancy and morality are other issues to be discussed. We need Visionery, properly educated politicians to run such a vast country like India. We have to take numerous hard-heart decisions. If we desire the results, we have to work on basic lines. We have to recast the system. With these ending lines, I introduce you the latest Volume X No. 2: October 2015 issue of JCT. I have always a good support of Editors, Editorial Board, Review Board and Authors from world over.
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April 2015
Vol. 10 No. 1Successful summits with the BRICS grouping (Brazil, Russia, India, China and South Africa), Japan, China, Nepal and Bhutan were topped off with a high-profile visit to the United States (US) from 27-30 September. Without a restructuring of the international economic architecture to reflect contemporary realities, India will aggressively pursue multilateralism through alternative platforms like the BRICS. With these ending lines, I introduce you the latest Volume X No. 1: April 2015 issue of JCT. Here, I am joyous enough to quote that this is the 10th Year of Publication and we have seen many mile stones in this journey and yet to see many more. I have always a good support of Editors, Editorial Board, Review Board and Authors from world over.
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October 2014
Vol. 9 No. 2In India, PMJDY (Prime Minister Jan Dhan Yojna) is a big step in an order to achieve banking sector forwardness and reach, indeed. The PMJDY coverage is multifarious from simple bank account to linked insurance coverage to debit card facilities etc. But, the government has to provide safe electronic banking through ATMs, government-to-citizen money transfers and reliability on the part of BSPs (Banking Service Providers). With these lines, I thank Editor, Assistant Editor, Editorial Board and Review Board to help in bringing another afresh issue of the Journal of Commerce and Trade i.e., Vol. IX No. 2 October, 2014. I wish all contributors great success.
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April 2014
Vol. 9 No. 1Countries practice economic diplomacy by providing economic incentives to promote strategic interests. Modi government has deftly combined politico-strategic concerns with economic advantage. It needs to show that it can shape the agenda in multilateral gatherings such as BRICS next week and forthcoming meetings of the WTO and climate change talks after the novelty phase of the force of Modi’s personality and the BJP dominance of parliament has been overtaken by other global events. With these burning changes, the April 2014 (Vol. IX No. 1) issue of JCT is in your hands. I wish the drivers of the Indian Economy a safe journey at the bumpy roads ahead.
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April & October 2013
Vol. 8 No. 1-2Still after 66 years of freedom, we have to learn to feel free. We have to develop infrastructure of equal opportunities. We have to immediately stop the reservation and quota techniques. We have to create effective labour laws. We have to analyse school learning outcomes. Fundamentally, we have to innovate learning in schools and teaching in colleges and we have to redefine this political system. There must be rules as we have in every service sector does. So, the basic vision behind the above lines is not only looking in but looking out and looking forward, too.
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October 2012
Vol. 7 No. 2Prime Minister Man Mohan Singh intelligently shifted the burden over to others on this issue, “We cannot change the global economy, but we can do something about the domestic constraints that have contributed to the downturn.” The Government and the policy initiaters have to do more on various fronts. Such confusions are giving birth to rampant corruption. Now, the present issue is taking us to the 8th year of publishing. We have new ideas with us to give some new innovations to the society and academic freternity.
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April 2012
Vol. 7 No. 1The rupee has been witnessing sharp volatility in recent times. It plunged to a record low of 56.38 against US Dollar. The rupee was around 19 against the US Dollar in 1991. This means, the Indian currency has depreciated by 197 percent over the 21 years against the dollar. It affects individuals’ expenditure, growth and income. Fall in rupee value attributes to more spending for same products or services. Prices of petrol has been increasing in three times in the last four months. Oil marketing companies incur losses due to depreciation in rupee. As impact of decrease in rupee value, higher dollar is paid out on imports and exports also are adversely affected. The Government and the policy initiators have to do more on various fronts. Now, the present issue is taking us to the 7th year of publishing. We have done a lot to facilitate printing of good articles. Our new full interactive website has started working.
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October 2011
Vol. 6 No. 2The Finance minister Hon’ble Sh. Pranab Mukherjee told in his budget speech presenting Union Budget for 2010-11 that Indian Economy now is in a far better position than it was a year ago. The economy clocked a GDP growth of 6.1 percent in the first quarter of 2009-10, as against 5.8 percent in the fourth querter of the preceeding year. In the budget 2010-11, the Government provided relief to individual taxpayers by enhancing the exemption limit for all taxpayers and withdrawing the surcharge on persent income tax. To promote savings, a deduction of additional amount of Rs. 20,000 for investment in long term infrastructure bonds is declared but the rate of service tax has been raised to 12 per cent. The fiscal deficit is estimated 5.5 percent of GDP in 2010-11 which amount to Rs. 381408 crore. In the above shade of the country, we managed to give matching topics in the current issue.
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April 2011
Vol. 6 No. 1Industrial output rose 7.3 percent in March from a year earlier, almost double the revised 3.7 percent expansion in February. Indian exports grew 34.4 percent in April, 2011 to $23.9 billion but on the other side imports also showed a rise of 14.1 percent to $ 32.8 billion which results a trade deficit of $8.9 billion in April. Food inflation dropped to an 18 months low of 7.7 percent during the last week of April, 2011 due to declining prices of pulses and vegelables and expectation of record production of many food items. Increasing prices of petrol and diesel may adversely affect the economy. With these road hurdles and speed-ups, the national economy upgrading day by day, we here are publishing our 11th issue of JCT.
