
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.
Overestimation of gas reserves in KG-22 block by the Gujarat State Petroleum Corporation (GSPC),...
In this article:
other articles from the issue
Other magazine section
-
National
When Blind Hate Took An Eye For An Eye
-
National
Suffering By Default
-
National
Sedition: A Minatory Frown
-
National
‘Delhi Police Is 200 Per Cent Impartial’
-
National
‘Police Are Now Dictated By Political Bosses’
-
National
The Case Diary