government

Major setback to retail juggernaut

28 aug 2007

Major setback to retail juggernaut
It seems that the first round of battle against modern retailers and small traders seems to be won by the latter. And to bear the brunt is India’s largest company, Reliance Industries which is aspiring to become India’s largest retail company through its subsidiary Reliance Retail.

Hindrance to growth – are we not entitled to better living?

24 aug 2007

Hindrance to growth – are we not entitled to better living?
The diktat has worked yet again. Much after opposing entry of foreign retailers, the UP Government has now decided to shut down all organised retail outlets that operate outside malls. As a consequence all Reliance Fresh and Spencer retail stores are closed in the state with immediate effect.

How Wal-Mart entry could change Indian businesses

11 aug 2007

How Wal-Mart entry could change Indian businesses
As Wal-Mart and Bharti gives touches to their deal and bring in modern global business practices to India, one can hope to get “everyday lower prices” as has been the motto of the American giant.

New Direct Tax Code may replace Income Tax Act, 1961

29 jun 2007

New Direct Tax Code may replace Income Tax Act, 1961
The finance ministry in consultation with tax experts is drafting the new Direct Tax Code which will be introduced in 2008. It will be placed for discussion in the monsoon session of Parliament and replace the existing Income Tax Act which has become so complicated with the amendments made every year that it could only be comprehended by tax professionals and practitioners.

Rising Rupee, Falling Dollar – Zero Sum Game?

18 may 2007

Rising Rupee, Falling Dollar – Zero Sum Game?
The Indian rupee is close to its 9 year high against US Dollar, and scores of news has been written about it in the pink newspapers and business channels. They are mostly sympathic towards the Indian IT companies and how they has been adversely affected by its fall (1% of rupee apprecation means 0.75% fall in earnings).