Volume 10, Issue 2

This policy review paper aims at making a general discussion of positive and negative effects on the demonetization decision of 500 and 1000 rupee notes in 2016 made by the Indian government. The paper concludes that although there are numerous negative after-effects of demonetization policy such as sufferings in rural banking, disturbance in small & medium businesses and sufferings for farmers & agro-traders, it also has several positive outcomes on the Indian economy, such as an increase in tax return, an increase in transactions on bonds & financial instruments, and an overall revitalization.

This research presents the background of medical malpractice law, the tort of negligence with fault, tor of negligence without fault and wrongdoer’s in Vietnam in comparison with medical malpractice laws of some European countries. Vietnamese medical malpractice law has some similarities and noticeable differences to the other European countries. In particular, Vietnam has faced the lack of very important regulations in accurately determining the misconduct of medical practitioner such as standard of care, loss of chance, and strict liability. We propose future directions of possible amendments in the Vietnamese medical malpractice law.

This study examines the impact of the United States’ Economy Policy Uncertainty (US EPU) shocks on the Gulf Cooperation Council (GCC) countries’ stock market returns which are heavily related through global oil markets. Using monthly data spanning from 31/01/2010 to 31/08/2018, we employ a Non-Structural Vector Autoregression (VAR) and Vector Granger Causality Tests (VGCT) in order to ascertain the magnitude of transmitted shocks and to primarily evaluate if US EPU affects stock market returns in any of the GCC countries. Our OLS and VAR results suggest that US EPU has little impact on the GCC markets with the exception of Bahrain. The Vector Granger Causality Test confirms that changes in US EPU influence returns on Qatar’s stock market. These results will help GCC nations to stabilize global energy markets and prevent economic ripples to policy shocks.

The study aims to address the issue of criminality in wilful default of loans given by banks in India by clarifying the thin line of demarcation between genuine and deliberate reasons for default of loans and suggest remedies to establish the demarcation in a more objective manner. The paper is a descriptive one based on secondary data, wherein tools like historical, factual and descriptive analysis have been used. It was found that it is not impossible to differentiate between genuine and deliberate reasons for loan defaults and stakeholders can identify & establish criminal intent behind such defaults if an objective criteria is followed. Suitable provisions under different acts and statues needs to be introduced to curb financial activities of errant borrowers and prosecute them criminally. Criminality aspect in case of wilful default of loans can thus be established if sufficient provisions of law are made available to the banking system.

The purpose of the paper is to take an incisive glimpse into Pakistan’s political economy through the lens of a tax policy abnorm i.e. the tax amnesty scheme, 2018. The paper is theoretically anchored in the elitist framework which arguably best explains structural composition of the economy. The paper refines the elitist framework, accentuates its significance, and innovates on it to induct the competing Freudian concepts of “pleasure principle” and “reality principle” to sharpen our understanding of Pakistan’s political economy. It is argued that impending inflows of offshore bank and financial account information of Pakistan resident persons under the OECD’s Multilateral Convention was the main dynamic of the amnestization initiative in which the Supreme Court of Pakistan played the role of the agent provocateur. The empirical results obtained help conclude that the amnestization initiatives have helped proliferate underground economy, and enhance the elitist economic status quo in Pakistan.