Raghuram Rajan took over as the RBI Governor on 4th September 2013. With a shift in power from Congress to BJP , India saw a change in the ideologies of its representatives. We went on from focusing on expenditure on health and education to promoting investment in institutional areas. Along with this significant development came …
The Rajya Sabha has finally passed the constitutional amendment Bill enabling the roll-out of the Goods and Services Tax. The Goods and Services Tax (GST) has been touted as the biggest tax reform in India since its independence. The Government has set 1 April 2017 as the deadline for its implementation. This article explains GST …
On 23rd June 2016, the United Kingdom held a referendum/ vote to decide whether or not to leave the European Union. 52 % of the voters opted to exit from the Union (also known as Brexit). This post explains Brexit in a series of Q&As. What is the European Union (EU)? The European Union is a …
The UK’s ‘Referendum’ and the ‘Brexit’ Explained Read More »
The New Intellectual Property Rights policy was announced by the Government of India on 13th May 2016 with the slogan ‘Creative India, Innovative India’. This policy lays out the future roadmap for Intellectual Property Rights in India. It envisages to provide a comprehensive framework for Intellectual Property Rights by reviewing existing laws related to Intellectual …
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Starting from June 1, 2016, India deftly applied a tax on the digital economy which hitherto escaped from paying taxes. This new tax in the town is called – the ‘Google Tax’ or the Equalization Levy.
Recently, India amended the tax treaty it had signed with Mauritius in the year 1982. This treaty is called the Convention for the avoidance of double taxation and prevention of fiscal evasion (relating to taxing income and capital gains). This Double Taxation Avoidance Act (DTAA) was signed to prevent companies from being taxed in two countries (India …
The Parliament passed the Finance Bill 2016 to make amendments to the RBI Act, 1934. It paved the way for the formation of the Monetary Policy Committee. Let’s start with a brief background. The Reserve Bank of India had appointed an expert committee in the year 2014 to reform the monetary policy framework in India. It …