Bhargavi Zaveri and Radhika Pandey explain how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations. Foreign Exchange Management Act, 1999 or FEMA, the current law governing all foreign exchange transactions with Indian residents, creates artificial distortions between identical economic transactions and allows excessive discretion resulting in ad hoc administration. Two ongoing litigations involving foreign investors underscore this need. Rediff.com, 1 month ago
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people. Participating in a debate on Motion of Thanks to the President's Address in the Lok Sabha, Leader of Congress Mallikarjun Kharge repeatedly targeted Prime Minister Narendra Modi who was present and said he should ...Rediff.com, 2 weeks ago
Posted by Equitymaster Global markets ended the week on a dull note with most of the markets ending flat or in the negative territory. Brazil's and China's indices were the only ones which ended the week on a positive note, with gains of 0.5% and 0.3% ...Equitymaster.com, 1 month ago Global Markets Ended on a Positive Note Equitymaster.com, 1 month ago
Lucknow, the city of Nawabs, has been the centre of a hot power struggle this winter. In fact, the ongoing feud in Mulayam Singh Yadavs family is reminiscent of political upheavals in the 18th century era of the Nawabs, and even before that, the intrigues of ...catchnews.com, 1 month ago
The Trinamool Congress appears to be planning to step up the heat on the Union Government over demonetisation. After taking the lead in protests against the move and making radical statements about overthrowing the Narendra Modi government, Trinamool may be ...catchnews.com, 2 months ago
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