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
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When the NDA Government took power in 2014, it immediately raised hopes of a more business friendly government. Hopes of tax cuts, less governance, simplification of tax structures, unleashing the animal spirits in business. Mr. Jaitley always spoke of ...Trak.in, 2 weeks ago
Posted by Equitymaster The Union Budget is one of the nation's most closely watched events-not just for the numbers, but also for the announcements that chart the roadmap for economic development in the upcoming year. This year's Budget was no different. The ...Equitymaster.com, 3 weeks ago
Posted by Equitymaster After witnessing subdued activity through the trading day, the Indian share markets finished the day marginally higher on selective buying amid expiry of December futures and options (F&O) contracts even as Asian cues remained mixed. At ...Equitymaster.com, 2 months ago
Petroleum Safety Body Asks Not To Use E-wallets, PoS At Petrol Pumps; 10 Delhi Metro Stations Goes Cashless
In the excitement and urgency to go cashless , are we missing something? For instance, safety standards and guidelines, especially when it comes to petrol pumps? It seems we have, as a unique mis-match of safety precautions and cashless economy has come into ...Trak.in, 2 months ago
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