The govt earlier enacted Taxation Laws (Amendment) Act which removed its power to slap capital gains levies wherever ownership had changed hands overseas but their assets were in India.
When a predatory state used to treating citizens as captives behaves in the same manner with external players, it gets a push-back that it does not usually experience domestically.
In its first ever structured deal, Indian LPG companies are set to import almost 10% of their total needs from US. Trump has been pushing India to purchase more American energy.
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.
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