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The data recently released by the government stating that only 1.25 cr Indian (individuals) pay income tax, that is, only 1%. It seems obvious to conclude that ...
In plain terms, I wish to state that India cannot and will not be built with tweaking something here and something there. Average per capita income of the world is $10,000 whereas that in India it is around $1600. The size of the world economy is $70
For quite some time now, RBI Governor has been openly cribbing about commercial banks not passing on the benefits of interest rate cuts announced by him, to their customers. Only yesterday (4-8-15), he mentioned that average rate cuts passed on by co
Our legal system is one of the most inefficient in the world is not a secret, with bottom ranking on contract enforceability in ease of doing business index. Even CJIs have been record predicting complete breakdown of our legal system since time imme
Goods and Services Tax (GST) being implemented, is held out to be the biggest tax reform in India since independence. As an entrepreneur, I find it a complete farce and colossal waste of opportunity while still incurring huge cost of implementation t
It is nearly impossible not to be experienced as a litigant if you are businessman in India for some time. In fact, chances are that in the very first year of operation, you will start having appeals with sales tax and excise authorities which will e
World Bank has been reporting its Ease-Of-Doing-Business rankings for a long time showing India in a dismal light, even in comparison with its immediate neighbours or even with South East Asia averages. The fact that South East Asia itself is no big
अब जबकि देश उपलब्धियों के दौर से गुज़र रहा है, it is high time de facto is recognized as de jure. After all, civilization and values have not come from God that they cannot be changed, but they have evolved over period of time, and keep changing. Ther
Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despite
People of India were hugely disappointed with lackluster performance of Man Mohan Singh. Narendra Modi rode to power with absolute majority for the sole reason that promises were made by him and on his behalf that he will fix the economy and deliver
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