Dr Govinddas Akbari

What is Money Anyway? Since societies transitioned from a barter economy to using a money as a medium of exchange, individuals have tried to devise systems that allow for rational ways to exchange value. In order to help make goods and services commensurable the Greek philosopher Aristotle came up with four criteria that help to dictate what is considered to be ‘good money’ (Lee, 2009): It must be durable It must be portable It must be divisible It must have…

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FEATURED STORIES Reclassifying Discounts As Capital Expenditure: After Flipkart, Is The Income Tax Dept. Out To Get Ecommerce Firms? At present, there are no defined laws which say that discounts and marketing expenses are capital expenditure. Mr T.V Mohandas Pai commented “This is another case of misinterpretation by the tax authorities. The government should stop such harassment of businesses and such tendencies of misinterpretation by tax authorities.” Understand The Whole Issue In This Story 3 Most Active VC Funds In India In…

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Morning Briefing  Top news & info from the startup world curated in one email. 10 Min Read Time   RECENT STORIES FROM THE INDIAN STARTUP ECOSYSTEM Talent Evaluation Platform HackerRank Raises $30 Mn In Series C Funding The funding will be used to accelerate the growth in the enterprise segment, expand and support its growing community of more than 3.4 Mn developers, and advance its data science research and development. The total funding of HackerRank now stands at $58.2 Mn. Fintech…

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