Understanding Shell Companies…

The recent decision of the government, with the direct involvement of the Prime Minister’s Office (PMO), to crack down on shell companies brings focus on the operation of these companies. Shell companies have been in focus and subject of intense debate not just in India but globally also, especially after the leaked Panama Papers. A look … Continue reading Understanding Shell Companies…
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Budget 2017-18 – From 'Swachh Bharat' to 'Clean India'..!

The union budget for the year 2017-18, presented today by the finance minister makes no big bang announcements but the undercurrent is loud and clear. The society – individuals and corporate – has to become more transparent and more accountable; in FM’s words, a move towards ‘clean India’. The Finance Minister announced a series of … Continue reading Budget 2017-18 – From 'Swachh Bharat' to 'Clean India'..!
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Demonetisation – Success or Failure..??

Even though the 50 day period for surrendering old notes after the demonetisation nears its end, the life of common man continues to get affected considerably. Curbs imposed on cash withdrawals on account of scarcity of new notes remains and doesn’t look likely to get lifted to anytime soon. Other than the inconvenience, there are large number … Continue reading Demonetisation – Success or Failure..??
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Demonetisation – How does it affect government finances..??

While the nation adjusts to the new normal arising out of the historic demonetization and debates its merit/demerit, it also has another important fall-out. The move can lead to huge bonanza for government in the form of sharp increase in the transfer from RBI. This would be equivalent to the amount of Rs 500 and Rs 1,000 notes that does not come up for replacement. Let’s see how..

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The "Surgical Strike" on Black Money..!

The announcement by honourable Prime Minister to demonetise 500 and 1,000 rupee currency notes is truly unprecedented, probably beyond anything that the nation has witnessed since the imposition of emergency. While demonetisation has happened earlier too in 1978, the scale at which it is being done now is much higher. What is even more amazing … Continue reading The "Surgical Strike" on Black Money..!
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Jewellers' Strike – What is at Stake…

The jewelers’ strike appears to have a comic undertone…! Its like a person refusing to disclose his wealth to the Income Tax Dept because IT Dept will, then, harass him..!  And I am sure the family members of the striking owners would be a happy lot since the jewelers are now finally tending to their household duties..! … Continue reading Jewellers' Strike – What is at Stake…
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