Central Board of Direct Taxes Chairman P C Mody said the govt will soon issue a clarification on the increase in tax rate on foreign portfolio investors.
The US House has effectively drawn a line in the sand and approved the release of the Epstein files despite President Trump's efforts to stop it from happening.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
China’s wage rate has gone up eight fold in the last fifteen years. Not an overnight disruption like President Trump’s trade war. India – like an S 400 system tracking an incoming missile – ought to have seen this happening in real time, frame by frame, and prepared for the inevitable shift of low value manufacturing out of China. Enough time to encash the opportunity, as Vietnam and Bangladesh have. India also has the potential to be present in the higher end of the value chain. Niti Aayog should have been at the heart of this intellectual exercise, working with India Inc.
China’s wage rate has gone up eight fold in the last fifteen years. Not an overnight disruption like President Trump’s trade war. India – like an S 400 system tracking an incoming missile – ought to have seen this happening in real time, frame by frame, and prepared for the inevitable shift of low value manufacturing out of China. Enough time to encash the opportunity, as Vietnam and Bangladesh have. India also has the potential to be present in the higher end of the value chain. Niti Aayog should have been at the heart of this intellectual exercise, working with India Inc.