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 last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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.