Monday, 24 January, 2022
TopicTax

Topic: tax

GST law brought a drastic change. But only a digital GSTAT can be the model for tribunals

The GSTAT would be outside the GST authorities' control. It can protect taxpayers’ rights and revenue interests of the govt.

OECD’s global tax framework is a win-win for India. Just focus on our long-term gains

The multilateral agreement has come against the backdrop of visible populist angst against large transnational companies across the world.

We asked people in 14 states if rich-poor gap is a big issue: Prashnam Survey

The Prashnam survey asked 2,895 people from across 14 states what they thought contributed the most to income inequality in India today.

Modi govt to release Rs 56,027 crore against pending tax refunds of exporters

Union Commerce Minister Piyush Goyal Thursday said that the amount is being release under various export promotion schemes and would be disbursed to more than 45,000 exporters.

Modi govt to offer indemnity to Air India bidders over claims arising from Cairn tax dispute

Cairn, which last year won an arbitration award for $1.7 bn over a controversial retrospective tax demand, has called Air India 'an alter ego' of the Indian govt.

Air India asks US court to dismiss Cairn plea seeking seizure of assets, says it’s premature

New Delhi: Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets...

India’s merchant navy is sinking. But foreign shippers are riding high, filling their coffers

A nation’s merchant navy is a strategic asset, second in importance only to its ‘fighting navy’. It needs to be protected from high taxes and discriminatory norms.

Indian finance ministry officer appointed to UN tax committee among 24 other global experts

Finance ministry joint secretary Rasmi R Das will be serving in the UN committee that guides countries towards forward-looking tax policies adapted to globalised trade.

What is global minimum tax 130 countries agreed to be part of & why it’s important for India

ThePrint explains the fine print of global minimum tax, what is India’s stance on the issue, and what will its implementation mean.

Delhi’s tax collection falls, spending increases by 80% in first two months of FY 2021-22

Delhi deputy CM Manish Sisodia informed that the expenditure increased due to Covid surge, and jumped from Rs 4,965.58 crore in 2020-21 to Rs 8, 511.09 crore in 2021-22.

On Camera

YourTurn

Liberals mourning India Gate flame must also recall some dark aspects of the colonial Army

The moving of the flame seems, to some, as part of an ongoing extinguishing of the Indian Army’s heritage of secularism, decency and righteousness.
Representational image for trade from China | Photo: Bloomberg

What conflict? India’s imports from China soar to almost $100 bn, led by smartphones, machinery

According to China's official data, its exports to India reached $97.52 billion in 2021, while total two-way bilateral trade touched $125.66 billion.

Defence

File photo of Scorpene-class submarine 'INS Vela', at the Naval Dockyard in Mumbai | ANI

Kamov choppers, submarine torpedoes among deals defence ministry will review this week

Ministry is reviewing all procurement under the ‘Buy (Global)’ category, under which equipment is bought directly from foreign manufacturers, amid govt's 'Atmanirbhar' push.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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