15 June, 2021


Business in bitesizes

Relax, relax, just pay that tax

The main mover in the protracted negotiations to plug the loopholes in the double taxation avoidance treaties with Mauritius and Singapore has been the finance ministry’s revenue department, first led by Shaktikanta Das, currently economic affairs secretary, and since September by Hasmukh Adhia. Given that 50 per cent of FDI inflows come from these destinations, this is a big move by the BJP. Of course, there were corporate pulls and pressures to retain  ‘flow facilitation mechanism’ that allowed them to launder black money in the guise of FDI.

A saga of gassy promises

Overestimation of gas reserves in KG-22 block by the Gujarat State Petroleum Corporation (GSPC),...

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