Tulip mania

Tulip mania was a period when tulips were recently introduced and bought in large quantities by many people which caused their prices to shoot up. After reaching a peak, their prices crashed, leaving tulip holders bankrupt. Thus, tulip mania is used as a metaphor to describe an economic bubble wherein people start investing in a…

Goods and Services Tax (GST): Post-Execution

“GST is simple, transparent and will end corruption and black money”, says Prime Minister Narendra Modi after pressing the buzzer along with President Pranab Mukherjee to mark the launch of the new modern tax system. Goods and Services Tax (GST), India’s biggest tax reform, launched at midnight at the Parliament’s historic Central Hall, is described…