DEMONETISATION – A BLESSING IN DISGUISE ?

It’s been a couple of months now since PM Modi’s shock-treatment to the economy – by derecognising the large-denomination 500 and 1000 rupee bank notes, as a first step in the war against terror financing, corruption, shadow economy, tax evasion and circulation of fake notes. This ‘demonetisation’ rendered 86% of all circulating cash in the […]

INDIA RISING

Today India is one of the most favoured destinations for foreign investment, with a high GDP growth level, progressive policy environment, predictability in tax matters, large pool of scientific and skilled human resource, and an environ where the ease with which businesses could be started and run is getting better and better. S Ravi pens […]

INDIA’S GROWTH STORY – THE TURNING POINTS

India is today the fastest growing economy in the world.  Achievement of this status would not have been possible if India had not embarked on a reformation process in the 1990s. The past 25 years saw the launch of major structural reforms in the Indian financial landscape, with its transformative effects continuing today and reaching […]

GST WHAT IS IT ?

The Constitution (One Hundred and Twenty-Second) Amendment Bill 2014, unofficially and commonly better known as the ‘GST’ or the ‘Goods & Services Tax’ Bill, has been passed by both the upper house Rajya Sabha and the lower house Lok Sabha of the Indian Parliament. The implementation deadline for this Act is the 1st of April […]

THE UBIQUITOUS NON RESIDENT THE WIZARDS OF BANKING & FINANCE

In the late 60s and early seventies, wave upon wave of educated young Indians, in abject disillusionment with the snail’s pace of growth at home, left Indian shores in search of a future elsewhere.  This act of theirs for seeking a better life was looked upon as an act of betrayal in some quarters. “BRAINDRAIN […]

TO BE OR NOT TO BE … EVENT-HORIZON – BREXIT RIPPLES IN THE GLOBAL ECONOMY

On the 23rd of June 2016, in a referendum on whether to stay with or leave the European Union, the British voted by a narrow margin, with 51.9% voters choosing to end their association with the EU.  This shook Europe and sent ripples across the global economic landscape, despite the referendum result not being binding […]

MAJOR INITIATIVES TAKEN BY THE MODI GOVERNMENT IN THE PAST 2 YEARS

May 26 marked the completion of two years of the NDA government. The government had announced major initiatives that ranged from cleaning India to saving the girl child, from smart cities to lighting up villages, and from skilling youth to helping start-up enterprises. Have a look… Digital India The Digital India Programme was launched in […]

The Panama Papers Questioning The Existence of Tax Havens

Author – S Ravi (The author is a practising chartered accountant. He serves on the boards of various listed companies, and is a part time director on the board of a public sector bank.) The term ‘tax haven,’ as well as the practice of using such ‘tax havens,’ is nothing new, it has widely been […]