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List of prominent scholars and the work in field of economics

List of prominent scholars and the work in field of economics  Adam Smith - "The Wealth of Nations" (1776) - Laid the foundation for classical economics. John Maynard Keynes - "The General Theory of Employment, Interest, and Money" (1936) - A key figure in the development of modern macroeconomics. Milton Friedman - "A Monetary History of the United States" (1963) - Championed monetarism and free-market principles. Amartya Sen - Work on welfare economics and development, notably "Development as Freedom" (1999). Paul Krugman - Contributions to international trade theory and economic geography. Won the Nobel Prize in 2008. Joseph Stiglitz - Work on information asymmetry, development economics, and global economic issues. Nobel Prize in 2001. Thomas Piketty - "Capital in the Twenty-First Century" (2013) - Analyzed wealth and income inequality over time. Gary Becker - Pioneer in the field of human capital theory and the economic anal

Indian Income Tax Net JRF Commerce

  Indian Income Tax Net JRF Commerce The Indian income tax system is a progressive tax system that is governed by the Income Tax Act, 1961. It is administered by the Central Board of Direct Taxes (CBDT), which is a part of the Department of Revenue under the Ministry of Finance, Government of India. The system applies to all individuals, Hindu Undivided Families (HUFs), companies, firms, and other entities that generate income within the country. Here are the key aspects of the Indian income tax system: 1.      Residential Status: The liability to pay income tax in India depends on an individual's residential status. There are three categories of residential status: Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), and Non-Resident (NR). The tax rates and exemptions vary based on the residential status. 2.      Income Categories: The income tax system in India categorizes income into five heads: a. Income from Salary: This includes

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