Synopsis: The recently rolled out NMP project, though has the right intent, but is fraught with challenges. A look at some of them. What are some issues with the National Monetization Pipeline (NMP) project? While the Niti Aayog has listed assets worth ₹6 trillion for the NMP, by its own estimate, it can only raise about ₹3.4… Continue reading Inside India’s asset monetization gambit
Tag: retrospective taxation
Sarkar’s Reform Mode: On various economic reforms by the govt.
What is the news? In the last few months, the government has become more aggressive towards reform as evidenced by several recent policy changes. Introduction The post-Covid, or rather the living-with endemic-Covid world offers major opportunities for India to accelerate its economic growth momentum again. This economic growth alone will get us out of the… Continue reading Sarkar’s Reform Mode: On various economic reforms by the govt.
The repeal of the retrospective tax shows Modi government means business on reforms
Source: The Indian Express Relevance: This article explains government actions to boost investor confidence Synopsis: Along with the taxation Laws (Amendment) Bill, India has taken many steps to boost investor confidence. Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill, 2021, in Parliament. The bill seeks to nullify the contentious retrospective tax law by amending the Income Tax (IT)… Continue reading The repeal of the retrospective tax shows Modi government means business on reforms
Tax certainty is critical if the economy is to attract enough capital
Source: ToI Relevance: Issue of retrospective taxation Synopsis: The repeal of the retrospective tax decision helps to minimize the risk of authorities taking harmful and unpredictable decisions. Contents1 Background2 Introduction3 Adverse impact of Retrospective taxation4 Positives of curb on Retrospective taxation Background Read Here: Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained Introduction It… Continue reading Tax certainty is critical if the economy is to attract enough capital
The sovereign right to tax is not absolute
Source: The Hindu and Livemint Relevance: This article explains India’s sovereign right to tax and its limitations Contents1 Synopsis:2 Introduction:3 Does the state have a sovereign right to tax?4 Then how a state’s taxation can be questioned? Synopsis: India has a sovereign right to tax, but that right is subject to certain limitations. Introduction: The government… Continue reading The sovereign right to tax is not absolute
Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
Source: The Hindu, The Indian Express and Times of India Relevance: This article explains issues with the 2012 amendment which provide retrospective taxation and the challenges with the recent bill. Synopsis: Delayed reset on retrospective tax is only the first step to regaining investor confidence Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill,… Continue reading Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
Arbitration Awards and The Public Interest
Source: Business standard Relevance: Way forward for India in the Cairns Energy case Synopsis: Recently, a court in Paris allowed Cairn Energy to freeze assets of Government of India in Paris in a tax dispute. Similar developments are possible in the US from actions by Cairn and Devas Multimedia. Thus, an objective, analytical approach to pursuing… Continue reading Arbitration Awards and The Public Interest
Cairn Energy dispute and Government disputes with private entities – Explained, pointwise
Contents1 Introduction2 About the Cairn Energy dispute3 Impact of Cairn energy dispute award on India4 Previous such rulings in India5 How disputes with private entities are dealt in India?6 Issues with government litigation against Private entities7 Challenges with the Arbitration and Conciliation Act Introduction Britain’s Cairn Energy Plc has secured an order from a French… Continue reading Cairn Energy dispute and Government disputes with private entities – Explained, pointwise
