In the present article, we have analysed the historical background, legislative developments and examine the ambiguity surrounding taxability of ‘slump sale' especially in a case where business is transferred as a whole for non-monetary consideration. Stating that transfer of undertaking for a...

The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...

The article uses a small open economy version of the macroeconomic general-equilibrium model QUEST to compare fiscal and nominal exchange rate (EXR) devaluation with respect to their impact on economic activity and the current account. In particular, the article investigates quantitatively to...