No abstract

No abstract

Goods and Services Tax is considered to be one of the revolutionary tax reforms in India since independence. The foundation of this new taxation system is to remove the cascading effect and increase the tax revenue with more transparent mechanism. The present paper is an attempt to assess the impact of this new taxation system on indirect tax revenue of India in general and of Odisha in specific. The study is analytical in nature and is based on published data. Collection of revenue under goods and services taxes has been considered from July 2017 to March 2021. The results show an increasing trend of indirect tax in India due to implementation of new tax except a few months because of some administration complexity and prevailing Corona pandemic. Future tax revenues have been forecasted using Exponential Triple Smoothing function and are compared with actual collection up to March 2021. So far Odisha state is concerned, expected tax revenue is not yet realised and the situation may be unfavourable when Central Government will stop giving Compensation cess after July 2022.

No abstract

The greatness and simplicity of EMH (Efficient Market Hypothesis) has surprised investors from time to time regarding the correct pricing and efficient strategies for investment. Applying the same logic to Indian Derivative market, the present paper makes an effort to examine the market efficiency of index futures. The study has undertaken tests of market efficiency of Nifty Index Futures contract from 1st January, 2018 to 1st January, 2021 Random walk theory is tried to be tested in this context and Ljung- Box test is applied to check the fluctuations in future contract prices. The background thought is kept like if market is inefficient at its weak-form that leads to the proof that market does have memory and future prices do not stick to random walk. Findings of the study reveals that past prices of future contracts cannot be used as base to forecast the terminal prices and abnormal profit can be made as they are random in nature.