In India, property tax is presently levied on the basis of the rent‐based rateable valuation system. Various official Commissions and Committees and professional experts have, over the last four decades, commented upon the inadequacies of this system, which, among other things, are the absence of an open market in land and rental transactions, the non‐availablility of professionally trained valuers and the subjective nature of assessments in a corruption‐prone administrative environment. As to the direction of future reforms, there have been two schools of thought ‐ one, advocating for amendment of current rent control laws; and the other, favoring a new system of local taxation, delinked both from the capital value and rental value systems which are difficult to administer in India. This paper highlights the findings of a policy‐oriented research study commissioned by the Ministry of Urban Development for the design and evaluation of such a system.

The banking sector plays a crucial role in the Indian economy. Banks not only provide a flow of finance in the Indian economy but also act as a driver to uplift socio-economic development in India. In 2020, the sudden spread of the COVID-19 virus and the imposition of a nationwide lockdown presented numerous challenges in front of all sectors of the Indian economy, including the banking sector. In this paper, the researcher portrays the impact of COVID-19 on the Indian banking sector and demonstrates various measures that have been taken by the Reserve Bank of India (RBI) to counter the adverse impact of COVID-19 on the Indian banking sector. This study is based on secondary data which has been collected from various newspapers, articles, reports, and published research journals available on the internet. According to this report, the RBI and the government should provide more loans and simplify credit conditions in order to increase liquidity in the economy and lessen financial stress among small and medium businesses. The immediate takeaway from the epidemic is that the government should strengthen our economy in order to absorb the impact of future crises of this nature.

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Education is crucial for the development of a nation. Education is a multidimensional process; it helps to enhance skills and human capabilities, promote human rights, reduce inequalities and crime, and enhance economic growth. The United Nations (UN) recognized the need to promote education and alleviate poverty. The UN set two significant Sustainable Development Goals (SDGs), i.e., SDG 1 and SDG 4, to reduce poverty at all levels and to ensure inclusive and equitable education, respectively. These SDGs were introduced in 2015; the world has already passed seven years. But, still, in developing countries (like India), a large portion of the population continues to live in poverty. In this context, it is important to investigate the effects of education on poverty reduction in India. Here, time series data on poverty reduction and education for India are gathered from various secondary sources such as articles, databases (mainly from the World Bank database), journals, websites, etc. relating to the time period from 1991 to 2020 to ascertain whether education has effects on the reduction of poverty or not. Here, the Johansen cointegration test, VECM, and Wald tests are applied to ascertain whether education has any long- and short-run effects on the reduction of poverty or not. This study found that education has long-term effects on poverty reduction in India.

Foreign direct investment plays a vital role in the development of a nation. The present research work aims to analyse the impact of FDI inflows on annual GDP and per capita GDP, that is, to understand the impact of FDI on Indian economy since the implication of LPG policy in India. Simple linear regression models has been used for analysis purpose and based on the results, suitable implications has been drawn.