How Two Tax Notices May Put PM Modi’s Government on Backfoot
Prime Minister Narendra Modi’s government sent two notices demanding a total of Rs. 31,000 crore in taxes from Cairn Energy and its former subsidiary Cairn India last week for a transaction that occurred in 2006-07. Cairn Energy has been asked to pay Rs. 10,247 crore for the capital gains it... read more »
Government to issue ownership rights of 15 coal mines on March 23
Government will begin issuing ownership rights on March 23 for the coal blocks that have been auctioned so far, starting with successful bidders for 15 mines in the first tranche. As many as nineteen mines under Schedule II (already in production) category were auctioned in the first leg held... read more »
The Indian economy needs a dovish Raghuram Rajan
The global economy is still very much in the zero interest rate policy (ZIRP) era with the exception of the US Federal Reserve which is widely expected to raise rates this year. 16 out 18 industrialized nations have seen their inflation reading run below expectations as deflationary forces continue... read more »
Wipro set to start search for next CEO
BENGALURU: Wipro will begin a process to identify and groom a successor to chief executive TK Kurien later this year, the tossup likely to be between a potential high-profile external hire and a fast-rising executive considered a favourite of founder-chairman Azim Premji, both being considered for... read more »
