Goods and Service Tax (“GST”) is a comprehensive tax on manufacture, sale and consumption of goods and services, that will absorb most of the indirect taxes levied by Central and State Government. Currently the GST is adopted in over 150 countries. If passed, GST Bill would be THE biggest tax reform by the Indian government…
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Trade Agreements in India – An Overview
Trade Agreements – Any contractual arrangement between states or countries concerning their trade relationships – involve understanding on tariff, tax and restrictions applicable on export and import of goods and services. Trade agreements can be bilateral or multilateral—i.e., the agreement can be between two states/countries or it can be between more than two states or…
Corporate Social Responsibility (CSR) Norms – Taking PSU inefficiency to the next level
In February of this year (2014), the Government notified the Corporate Social Responsibility (CSR) norms making it mandatory for companies to take a 2% cut in their net profits and use that money for the betterment of the society. I have maintained this from the very beginning that not only will this create more wastefulness,…
Hope, Government and The Next Bull Market Rally
A man can live three weeks without food, three days without water, and three minutes without air, but he cannot live three seconds without hope – Lewis Mumford. 3 months ago on the 08 March 2014 one share of Unitech cost Rs. 12.10. Today it is trading at Rs. 36.40 a share. What changed so…
Disinvestment in Public Sector Enterprises
Over the years the public sector has played a central role in enabling India to accomplish the national objective of self-reliance. It is therefore natural to feel uncanny about the idea of disinvesting, specifically, when the issue is of disinvesting profitable Public Sector Undertakings (“PSUs“). Those who support the idea of disinvestment in public sector…