The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
As for structural reform, there are signs if one looks hard enough.
If your child has access to the Internet, they could find themselves in trouble.
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
The Modi government's array of economic policy has been impressive.
Not Out! is a brilliant analysis of the IPL that explains why it alternates between thrill and scandal, says Dhruv Munjal.
Upcoming payment banks will lift lower income groups in distant villages.
The nearly Rs 15,000-crore India unit of Coca-Cola derives the bulk of its revenue from its core business of selling cola drinks
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
'Our priority will be to settle land disputes in Bihar, which I believe is the root cause of almost all crime in the state.'
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
A drunken conversation tipped off Thane Crime Branch detectives to the unprecedented scam targeting unsuspecting Americans from call centres in Thane.
A brainchild of Vishva Hindu Parishad leader Pravin Togadia, many find its agenda divisive
Finance minister tries to put house in order before reforms are unveiled in February.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
Paris attacks took the centre stage at the G20 Summit on Sunday with Prime Minister Narendra Modi calling for a united global effort to combat terrorism as world leaders joined a clarion call to eliminate ISIS network.
Amid Trump's expected action against employment visas, India's bellwether IT firms reveal they have been preparing for this eventuality for years.
We are entering a period of turbulence, but you can profit off that volatility.
A number of significant linkages between rainfall and economic outcomes have policy implications.
Rosneft bought a 49 per cent stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pte, one of the world's biggest commodity trading companies, and Russian investment fund United Capital Partners split another 49 per cent equity equally.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
2015 is going to witness new agreements on climate change.
Education is not simply a private affair whereby we can say that good money buys good education and little money buys not-so-good education, says Shubhashis Gangopadhyay
Upon implementation of the 7th Pay Commission the expected yearly burden on the central exchequer will be more than Rs 100,000 crore. Central government employees will get on an average a 24 per cent pay hike. Still, the unions aren't happy.
An industry of scamsters is operating in the guise of call centres in India.
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
In 2015, India chemicals industry had a market size of $144 billion.
'It is not that he has not committed any mistakes; he has.' 'But people were willing to forgive you if you were honest.'
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
Apparently resorting to a pacifier after the Maharashtra Navnirman Sena agitation on toll collection, the state government on Thursday assured party chief Raj Thackeray that it would draft a new policy on the issue before the model code of conduct for the Lok Sabha elections comes into force.
Nitin Gokhale, national security expert and founder BharatShakti.in, tells us what the controversy is all about.
Affaq Husain and his wife Saira built a Rs 100 crore empire preying on the most vulnerable people in society.
'Modi is likely to make more announcements to win or retain popularity, and put himself at the centre of things even more than now,' says T N Ninan.
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