The comments come at a time when the Supreme Court-constituted Special Investigation Team has detected funds worth about Rs 4,479 crore (Rs 44.79 billion) held by Indians in a Swiss branch of HSBC bank, while unaccounted wealth totalling Rs 14,958 crore (Rs 149.58 billion) have been traced within home.
The Narendra Modi government's alacrity in promoting ease of tax administration, a critical component in the ease of doing business index, has set in motion several incremental policy and administrative reforms, says Mukesh Butani.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
'We need to do more to accelerate growth.'
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
The recent NSEL crisis has prompted even rich and diehard equity investors to shift to safer fixed income products.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
Volkswagen mess costs Germany its strongest nation brand position.
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
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