Every time Commerce Minister Piyush Goyal speaks, you would think India is the world’s preeminent export hub. In reality, our share of global merchandise exports is under 3% and shrinking.
Govt inaction has 3 impacts on e-gaming: smaller companies operating in grey market to avoid tax, bigger ones moving out of the country, and international companies pausing plans to enter India.
States can recover past tax dues but not for period before 1 April 2005 while tax arrears can be paid over a staggered period of 12 years, top court clarifies.
India needs to offer stability in its regulatory regime and rule of law in order to compete with countries like Vietnam that are vying for space vacated by China.
Retrospective taxes are just one facet of arbitrary state action. MNCs that have committed billions of dollars have many other legal minefields awaiting them.
Decision will end India’s dispute with Vodafone Plc and Cairn Energy Plc, and in 15 other similar cases. FM Sitharaman notes that the retrospective tax became a ‘sore point’ with investors.
Cairn Energy has been moving aggressively to push the Modi govt to comply with the $1.7 billion arbitration award that it won in December 2020 in the retrospective taxation case.
DMK govt accuses Centre of withholding funds, tightening borrowing, unilateral deductions from state accounts. Says Centre's accounting & funding decisions have 'artificially inflated' debt burden.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
Completely agree with the Author. Indian Industrialists are essentially traders who are only happy to sell their substandard products in India. I hardly ever see any Indian products in The European or American markets. No Indian brand is known in these places. Infact if you go to a typical Indian retailer, it is full of goods imported from Bangladesh, Vietnam China etc. Hardly any Indian stuff there.
And with regard to FDI, I can’t remember any event done by govt in Germany ( where I live) to engage the local industry to invest in India. Only pronouncements!! No engagement with local journalists. So rocket science that why India is not on top of their mind to go and invest in
https://thewire.in/economy/three-indias-economic-divide-mexico-indonesia-sub-saharan-africa
This article gives a much clarity on how the Indian economy is performing. As per this almost 135 crore Indians are struggling. The three disasters, the demonetization, GST and COVID-19 have broken the backbone of Indian economy. The Modi govt. s successful only in hiding its economic failures under false figures, show-off and religious madness.
Relax Raghavan. Getting very agitated… why did you not say all this when you were part of the economic advisory group to the government?
Now, no point. Every decision of this government is from a vote bank perspective. Not for the country. And when the fake sound bytes from the biased press are pleasing to the ear, the government has no time for realty check.
Look at GDP data jumla. Who can say with confidence that the data is reliable? If last year the economy grew by 9% and this year we are straddling with a forecast of 6.7%… has the economy shrunk???
Completely agree with the Author. Indian Industrialists are essentially traders who are only happy to sell their substandard products in India. I hardly ever see any Indian products in The European or American markets. No Indian brand is known in these places. Infact if you go to a typical Indian retailer, it is full of goods imported from Bangladesh, Vietnam China etc. Hardly any Indian stuff there.
And with regard to FDI, I can’t remember any event done by govt in Germany ( where I live) to engage the local industry to invest in India. Only pronouncements!! No engagement with local journalists. So rocket science that why India is not on top of their mind to go and invest in
Investing in socialist India is stupidity.
https://thewire.in/economy/three-indias-economic-divide-mexico-indonesia-sub-saharan-africa
This article gives a much clarity on how the Indian economy is performing. As per this almost 135 crore Indians are struggling. The three disasters, the demonetization, GST and COVID-19 have broken the backbone of Indian economy. The Modi govt. s successful only in hiding its economic failures under false figures, show-off and religious madness.
Relax Raghavan. Getting very agitated… why did you not say all this when you were part of the economic advisory group to the government?
Now, no point. Every decision of this government is from a vote bank perspective. Not for the country. And when the fake sound bytes from the biased press are pleasing to the ear, the government has no time for realty check.
Look at GDP data jumla. Who can say with confidence that the data is reliable? If last year the economy grew by 9% and this year we are straddling with a forecast of 6.7%… has the economy shrunk???