A carbon tax can be central pillar of tax reform and sound fiscal policy. In India, still no tax is charged on the emission of carbon dioxide. Carbon tax could be used to replace individual tax and tax simplification and less government regulation. A carbon tax is also cheaper and often more...

Economic growth of an economy is characterized by the gross domestic product (GDP). Each economy tries to increase its GDP by making more investment in manufacturing units which consumes large amount of fossil fuels which in turn emits abundance of carbon dioxide in the atmosphere. Certainly, a...