Issue: March 2017
 
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Cover Story 
Union Budget, this year, was presented amidst a host of uncertainties. Demonetisation drive and imminent GST drive, new administration in US etc. made t...
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Lead Article

The article broadly covers the Union Budget 2017-18. It gives insights into how the Budget tries to address a number of issues that could help in reviving growth in the country. It argues that the focus in Budget is more on the processes of growth instead of incentives that had been the strategy for...

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Articles
  Union Budget 2017-18: A Take-off for Infrastructure Sector :- by Krishna Dev
  The article explains how the Budget 2017-18 provides fillip to infrastructure sector in country.
  Special Article Rail Budget in New Avatar:- by Arunendra Kumar
  With the merging of Rail budget with Union Budget this year, author explains the rationale
  Union Budget 2017-18: Fiscally Pragmatic :- by Charan Singh
  The author analyses the fiscal aspects of the Union Budget 2017-18 and explains that the focus
  Assessing the Changes in Structure and Processes:- by Happy Pant
  This year’s Union Budget is historic in the sense that it brings so many major changes
  Revenue Mobilisation Efforts and the Budget 2017-18 : - by Malini Chakravarty
  India’s tax structure is regressive with nearly two-third of total tax collected
Economic Paradigms and Democracy in the Age of Financial Globalization
Srinivas Raghavendra

Whether or not there exists a standard definition of the term Globalization, there is a broad agreement with the fact that the process of Globalization has had and continues to have profound impact on various aspects of human life. Globalization is not a new phenomenon for it has been a long-term gradual process of change, which affects every aspect of human life and being affected by the human enterprise, since the days of Columbus, and yet at the same time it is irregularly punctuated by episodes of dramatic change. Ever since the Columbian voyage initiated the process of intermingling of the continents of Europe and the Americas, Globalization has been influencing and reshaping every part of the world in all aspects of human life – social, cultural, economic, political, biological and ecological aspects. In the recent past, there were two intense periods where the process of globalization induced dramatic changes across the world. The first wave happened in the late nineteenth century up to the First World War, which was characterized by extensive trade networks across various continents under European Colonialism. The second wave happened in the twentieth century, starting from the 1980s to the present day, characterized as free market Capitalism led by the phenomenal development of the financial markets, and called as the financialization phase of Globalization or simply Financial Globalization.

 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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