Tax litigation: A case of no returns
About 66 percent of our direct tax cases together add up to a paltry 1.8 percent of total amount under tax litigation. It will be more efficacious for the government to simply abandon those claims
How COVID-19 shook up the world and set Indian IT on multi-year growth path
TCS to kick start the earnings season this week. The IT major may report a recovery in dollar revenues indicating recovery in Indian IT
SEBI’s new conduct rules much needed but fund managers may turn risk-averse
The market regulator is reacting to cases of governance lapses at some mutual funds with a new code of conduct
New defence purchase policy a mixed bag
The government has tweaked the defence acquisition policy by changing the offset requirements while keeping the emphasis on local manufacturing
CAG stirs the GST compensation pot
National auditor’s findings could set the tone for the crucial Council meeting on Monday
Vodafone Case | The world is watching India’s next move
The legislative manoeuvring that India tried by retrospective amendment of its tax law to circumvent the Supreme Court judgment has failed to meet fair and equitable standards under its treaty obligations
Will China lead the global fight against climate change?
It is important to note that China’s efforts to cut emissions so far have been more about pragmatism than climate leadership. Pollution and other environmental threats are increasingly seen as threats to the communist party’s standing
Air travel woes: A time to reminisce about the lost romance of sea voyages
As COVID-19 continues to keep international flyers from taking to the skies, it is a good time to reminisce about the world of international travel before jets compressed time and made distance immaterial.
Moneycontrol Pro Weekender | Chaos Theory
A delayed or close election, which could lead to a round of legal wrangles, is the last thing nervous investors want, especially when COVID-19 cases are still rising.
How COVID-19 is shaping India-Africa ties
COVID-19 will reshape Africa's ties with China and this would present India with yet another opportunity to build on the existing base of its partnership with Africa
New layoffs add to worries over US economic slowdown
Companies including Disney, the insurance giant Allstate and two major airlines announced plans to fire or furlough more than 60,000 workers in recent days, and more cuts are expected
The very strong case for Bidenomics
There’s a widespread perception that Republicans are better than Democrats at managing the economy. But that’s not at all what the record says
India of our dreams, and of our nightmares
The burden of societal injustices will weigh on the collective consciousness of the nation and become the dead weight that stifles India’s growth — both as a vibrant democracy and as a roaring economy
The Reading List: October 2, 2020
A selection of articles and social media gems from the world of economy, business and finance
Self-reliant economies need MNCs as much as local champions
A truly self-reliant economy is one in which home-grown companies compete with the best in the world and come out on top
As the election looms, investors see uncertainty. They don’t like it
This time around, the tensions in the US election are so high and the possible outcomes so muddy that many investors don’t know what to base their buying and selling decisions on
US elections and its impact on India-Russia ties
India’s efforts to preserve the primacy of its partnership with Russia would be made much easier should Russia pay more heed to certain Indian concerns that are distinct from Washington’s
RBI should put depositor interests first at Lakshmi Vilas Bank
Regulator needs to restore depositor trust, introspect on overhaul of its supervision system
PMI: Manufacturing sector bounced back smartly in September
Business optimism in manufacturing is the highest in over four years
Chart of the Day: Central government running out of fiscal space
The Centre has continued spending in spite of a steep fall in revenues. But spending fell in August. The solution is to open up the economy completely
JSW’s renewable energy thrust should be driven by returns, not ESG compliance
New wind energy project gives a leg-up to JSW Energy's renewable energy ambitions. Execution and final cost will determine project returns
Chart of the Day | Which sectors saw an increase in bank loans in July and August?
Trade, housing, agriculture and personal loans have done well
Why US presidential debates have lost their sting
There are multiple factors why the US presidential debates have lost their importance. The most significant is certainly that we now live in the age of social media
The farm reforms are an attempt to integrate agriculture with Indian capitalism
In the context of farm reforms, we could learn from the Chinese experience, where contract farming has flourished
