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The $20 billion Flipkart-Walmart deal: Key facts

Walmart Inc. on Wednesday (May 09, 2018) announced its much-anticipated deal to buy a controlling stake in Indian e-commerce company Flipkart. The deal is the largest-ever in e-commerce, according to data compiled by Bloomberg. Bentonville, Arkansas-based Walmart will acquire a 77% holding in Flipkart Group for $16 billion, the companies said

Public Finance, Taxes and Fiscal Policy

Public Finance studies the finances of the government, i.e., government’s receipts (revenue receipts and capital receipts) and government’s expenditure (revenue expenditure and capital expenditure). Government’s revenue is called Public Revenue and government’s expenditure is called Public Expenditure. The classical theory and practice of economics were based on “Laissez Faire” or

Fitch keeps India rating at BBB- for 12th year

Fitch, one of the top three credit rating agencies of the world  has kept (27 April 2018) India’s sovereign rating unchanged at BBB-, the lowest investment grade for the 12th year with stable outlook. Despite giving a stable outlook, it has praised the implementation of the Goods and Services Tax

Credit Rating Agencies in India

A credit rating agency (CRA) is a company that rates debtors on the basis of their ability to pay back their interests and loan amount on time and the probability of them defaulting. These agencies may also analyse the creditworthiness of debt issuers and provide credit ratings to only organisations