As a former chairman of the Tata Group, and also a large shareholder himself, Cyrus Mistry would have done well by trying to ensure that shareholders’ interests in the group companies were protected while his battle for ref
Prime minister Narendra Modi believes in big gambles, and the demonetisation of R500 and R1,000 notes is just one of those. He needs to broker a breakthrough on GST and lower income tax burden to turn the tide in his favour n
Continued disruptions in Parliament have almost derailed the winter session completely and also the hope of meeting the proposed April 1, 2017, target for implementing the Goods and Services Tax (GST). While there is a view t
The opposition unity led by the Congress party and Trinamool Congress leader Mamata Banerjee on demonetization appears set to derail implementation of the goods and services tax (GST) from April 1 next year.
There is no doubt now that the demonetization of Rs 500 and Rs 1000 notes has been handled poorly by Prime Minister Narendra Modi and his team, but what is worrying is the question raised on the Reserve Bank of India (RBI)
The government is all set to thoroughly scan the deposits of the old Rs 500 and Rs 1000 which have been exchanged with the new currency. Senior officials of the government visiting the states and UTs to study the impact of th
It will be a mistake to fritter away the critical gains made in Parliament in passing important reform legislations like the Real Estate and Goods and Services Tax (GST) Bills in the last one year due to the mishandling of th
While it is true that Rs 500 and Rs 1,000 notes are one of the biggest facilitators of black money transactions and unaccounted income, but the real challenge is to curtail the creation of black money, and for that, Prime Min
Rahul Gandhi taking charge as Congress president will infuse fresh energy in the party cadre, but his success in the 2019 Lok Sabha election will depend on how far he succeeds in bringing the non-NDA political ranks together.
Given that British Prime Minister Theresa May appears set to take up Vodafone and Cairn retrospective tax cases in India, Prime Minister Narendra Modi will do well by offering an amicable settlement of these two big cases.
The idea of putting cess on luxury items and sin goods for compensating states for any possible revenue loss is a bad idea. It is against the very basics of goods and services tax (GST) of a simple and non-cascading tax struc
The ideal minimal and moderate rate structure will have to wait and multiple rate slabs appear to be the most likely choice for now as the GST council holds its three-day meeting from tomorrow, to decide on the issue.
Around a week ago, the tax department signaled to the world – in the MakeMyTrip case – it continued to hold the view, even after the Delhi High Court admonishment, that it was perfectly all right to arrest an individual o
The Budget will be essentially for a year, but whatever schemes are there in the Budget which will go on for a longer period of time those schemes will be crafted on the basis of the envelope which is available for the next t
A NITI Aayog study has found that inefficiency in the cost structure is also a major contributor to the losses and cost optimization and non-fare revenues also need to be tapped to deal with the losses in the passenger segmen
The practice of waiting for the next year’s Budget to announce major policy and taxation decisions must be done away with and the General Budget should also be limited to presentation of the expenditure and revenue statemen
In the absence of an agreed model GST structure, the current law will just remain on paper, and getting all the states on board for this, probably, is going to be a more challenging task than getting the GST constitutional am
While asking Reserve Bank of India (RBI) to share foreign exchange transaction data with the enforcement agencies may help in tackling black money, the SIT must also tell the government to weed out the...
While there is a need to curb unscrupulous practices in privately run deemed universities, CAG audit on all of them would be a disincentive for the serious players. Former HRD minister Smriti Irani did well by limiting the CA
Union minister of state for social justice Ramdas Athawale should have suggested innovative ways to provide better education to the economically weaker that is more critical for getting jobs than additional reservation.
While continuous industry and government deliberation between both the countries will help fix issues related to trade and business, it should also lead to creating a solid platform for investments and trade exchanges like a