An Overloaded System Over the past two decades, the WTO dispute settlement system, including the Appellate Body, has been remarkably active. Since its inception, 551 disputes have been initiated by […]
There are two main principles of non-discrimination in WTO law: the most-favoured-nation (MFN) treatment obligation and the national treatment obligation. In simple terms, the MFN treatment obligation prohibits a country […]
Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product […]
All the various stages through which a dispute can pass in the (WTO) dispute settlement system. There are two main ways to settle a dispute once a complaint has been […]
The WTO’s procedure is a mechanism which is used to settle trade dispute under the Dispute Settlement Understanding. A dispute arises when a member government believes that another member government […]
The theory of absolute advantage was put forward by Adam Smith who argued that different countries enjoyed absolute advantage in the production of some goods which formed the basis of […]
Depreciation: Every fixed asset must be depreciated; and for the purpose of depreciation, the life of each asset is to be taken as stated in the table given in the […]
A loan asset of a bank is considered as a Standard Asset as long as the borrower is paying the interest, instalments and other charges as and when debited to […]
Income recognition: Banks all over the world do not recognize the income from non-performing assets on accrual basis. Income is booked only when it is actually received. In India also […]
Companies all over the world use either fixed pricing or book building as a mechanism to price their shares. Over the period of time, the fixed price mechanism has become […]
