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.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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.