If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
'The prime minister did not think that COVID-19 was a serious challenge as late as March 20.'
Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
'That Modi and the BJP can continue to treat the rising and expanding middle class this way shows that they have gamed its mind quite perfectly,' argues Shekhar Gupta.
The department of revenue in a notification on Wednesday said anti-dumping duty is being imposed for six months on the import of wire road of alloy or non-alloy steel from China.
Court has barred generic drugmaker Cipla Ltd from making or selling a cheaper copy of Novartis AG's respiratory drug Onbrez domestically.
'Till now, many political parties indulged in Muslim appeasement.' 'This is one experiment, successfully carried out by the AAP, in indulging in Hindu appeasement.'
While notable participants among 22 state units were acting president CK Khanna (Delhi), cornered treasurer Aniruddh Chaudhry (Haryana) and current CAB president Sourav Ganguly (joining on tele-conference), the acting secretary Amitabh Chaudhary (Jharkhand) chose to skip the informal gathering keeping a distance from the revolters.
The flexi staff workforce at present in the country has increased to 2.1 million from 1.7 million in 2015.
While Reliance has the clout to negotiate prices with suppliers for its e-commerce, not to forget the cost advantage of integrated warehouse and supply chains, Amazon and Walmart are no pushovers, they too have deep pockets.
'It was the Mughals who first established standard units of measurement and maintained offices of meticulous record keepers and auditors, departing from the more haphazard methods of earlier regimes.' 'By the end of the 16th century, their revenue and judicial administrations exhibited an obsessive preoccupation with order, the efficient management of time, and a spirit of rational self-control -- all of them characteristics of early modernity,' point out Sheldon Pollock and Benjamin Ellman.
The Supreme Court had ruled in Vodafone's favour in 2012.
The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
A group of six US lawmakers had recently introduced 'The US Call Center and Consumer Protection Act of 2013' in the Congress that requires overseas call centre employees to disclose their location to US consumers.
Inter-ministerial group to meet on Thursday to finalise model concession pact.
Adani, which estimates its project will generate more than A$22 billion ($15.6 billion) in taxes and royalties, has yet to line up funding but is sticking to a late 2017 start date.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
What is worrying is that this year, angel investments and seed funding deals have fallen by 40 per cent, ringing alarm bells in the start-up community in India.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
The issue at the core of it is the perceived fear among the locals of getting outnumbered and uprooted by 'others' and eventually losing their identity
Wipro's clients currently include over 100 US payers, healthcare providers, and public health agencies.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
Baba Ramdev's brand is pivoting away from franchise outlets and expanding its retail presence through the tried-and-tested channel distribution route of FMCG companies. Arnab Dutta reports.
'Access to finance is one of the most crucial needs in the economy.'
About 2,000 MHz will be put up for auction in bands such as 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz and 2,500 MHz
In another major shakeup of the state's bureaucracy in four days, the Uttar Pradesh government on Tuesday transferred 36 Indian Administrative Services officers including district magistrates after a review of the law and order situation by Chief Minister Akhilesh Yadav.
The new CEO's next challenge is to grow margins.
As West Bengal, Kerala, Assam, Tamil Nadu and Puducherry prepare for new administrations, one is reminded of the disparity that runs through the veins of the Indian states, notes Mihir S Sharma.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Utility vehicles leader Mahindra and Mahindra on Monday announced a nominal 0.5 per cent price hike across all models, expect for the premium sports utility vehicles XUV 500 and the Rexton from its Korean arm, despite falling sales, which dipped nearly 8 per cent in June.
'I am very optimistic about Tech Mahindra'.
It is hard enough to make a profit in e-commerce without having to deal with excessive paperwork, legal fees and the constant threat of harassment by revenue officials.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
