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About 8 results for "devangshu datta"

Will GST make Life simple? Not a chance!
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Will GST make Life simple? Not a chance!

'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.Illustration: Dominic Xavier/Rediff.com   The GST is considered a simplified tax code. It will stop tax cascades and it is touted as minimising cost of compliance. It should also turn India into one single market. In practice, it will increase the pain of compliance, if not the cost, a lot. It also has ... Rediff.com, 2 days ago

1 images for "devangshu datta"

Businessgyan, 7 months ago
Rediff.com

Why we need an Arun Jaitley Index

'The economy is suffering (perhaps 'enjoying' is a better word) the lowest credit demand in decades; banks are struggling with stressed loans equivalent to near 10 per cent of GDP,' points out Devangshu Datta.Illustration: Dominic Xavier/Rediff.com Lawrence Summers called Donald Trump's first Budget 'ludicrous.' It makes extravagant assumptions of high GDP growth for a decade. It also makes the elementary mistake of double-counting. Mr Trump proposes to cut tax rates and to make spending cuts.
 Rediff.com2 weeks ago
Rediff.com

Welcome to the New Normal

'It's amazing that a country that claims to be the world's largest democracy is getting into the business of micro-regulating personal and professional lives in this fashion,' says Devangshu Datta.Illustration: Uttam Ghosh/Rediff.com There's an old joke about a madman obsessively banging his head against a wall. When a bystander asks why, the madman responds, 'It'll feel so good when I stop doing it.' Demonetisation was like that. Months of pain and privation gradually eased, as cash came back ...
 Rediff.com1 month ago
Rediff.com

Is it too risky to bet on Indian stocks now?

The Nifty Index features 50 of the largest companies in the country and represents close to 50 per cent of total market capitalisation.It is now trading at valuations that could only be justified if India Inc grows earnings at better than thrice the GDP growth rate.This is extremely unlikely, feels Devangshu Datta. The corporate results season has just started and at the time of writing, there are a few clear trends to focus on. The information technology sector is under pressure, but that's ...
 Rediff.com1 month ago
Rediff.com

The Great Election Funding Fiddle

'The anonymous electoral bonds means that political affiliations will be even harder to ascertain for the voter or the minority shareholder.''The government of the day will, of course, know, exactly which corporate is making donations to which party.' 'Hence, the government will be in a wonderful position to exert "moral pressure" on corporates which make donations to Opposition parties,' points out Devangshu Datta.Illustration: Uttam Ghosh/Rediff.com A recent debate involved a post-modernist ...
 Rediff.com2 months ago
Rediff.com

Liquor ban on highways: Over 1 million jobs may vanish

Liquor sales will obviously be hit. So, will real estate prices at what used to be prime locations, close to major thoroughfares. Food and snack sales close to highways will also, in all probability, be affected. The Supreme Court order banning liquor sales within 500 metres of highways may result in fewer road accidents. However, the order will have multiple adverse consequences for sure. For one thing, over one million jobs will be lost across the hospitality sector. Liquor sales will ...
 Rediff.com2 months ago
Rediff.com

Will GST manage to live up to expectations?

As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta. Traders around the world were focused on political and geopolitical news flow through the past fortnight. The Finance Bill was bulldozed through Parliament as a Money Bill, with umpteen interpolated amendments ...
 Rediff.com2 months ago
Rediff.com

Investors be warned: Aping FPIs can be painful

Investors who play follow-the-leader and invest wherever Foreign Portfolio Investors are going may face painful losses, warns Devangshu Datta.Illustration: Uttam Ghosh/Rediff.com Western 'fashions' drive the Indian stock market for good reason. In this context, fashion of course, refers to investment models and theories rather than the length of skirts or the colour of socks. Every investment theory works well part of the time and it is less successful at other times. Indian investors tend ...
 Rediff.com2 months ago
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