The telecom war between Reliance Jio and Airtel was only a preamble to the impending battle between Google and Jio. Nitish Kumar broke the mahagathbandhan while seeming to try to bend RJD to his will. All the schmoozing between Trump and Xi hasn’t reduced the North Korean nuclear threat. Could we have predicted these outcomes before they actually happened?  Yes we could have—not with IQ or EQ, but with ‘Game Theoretic Quotient’. A new intelligence, a new way of looking at the world. Game Sutra highlights the underlying strategic considerations of entities as diverse as heads of state, bitcoin miners and CEOs of internet companies to explain their decisive choices. Immerse yourself in its heady mix of cogent fact and smart analysis to develop your ‘game theoretic quotient’. Your world will never be the same again.

The Chaotic Consensus on Goods and Services Tax

The chaotic consensus on goods and services tax

The GST is an indirect tax (or consumption tax) levied in India on the supply of goods and services. It came into effect from July 2017 and was intended to replace multiple cascading taxes levied by the central and state governments. However, the GST did not conform to the vision of ‘one nation, one tax’ on all goods and services. This chapter seeks to explain the compromises made by the central government with the state governments on the basis of the composition of the GST Council and the different degrees of patience of the Centre and the states.

At the time of its introduction in July 2017, to refer to ...

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