Payaswini Upadhyay

Following the crack down on private cabs in Delhi, Karnataka too, has moved to stream line private taxi services in the state. The state govt has issued a list of 25 guidelines, foremost among them being the requirement to have a valid permit to operate.

Non-Competes: Tax Conundrum!

The Income Tax Act treats know-how, patents, copyrights, trade marks, licences, franchises or any other business or commercial rights of similar nature as intangible assets and allows tax payers to claim depreciation on all these.

Call & Put Options: RBI to soon rejig FDI pricing norms

RBI executive director G Padmanabhan said the RBI is working to rewrite and liberalise all pricing guidelines for foreign investment

The Tale Of Two Capital Gains Tax Rulings!

The first case settles the much vexed issue of capital gains tax rate applicability on non residents. The case involves Cairn UK and pertains to a transaction that took place in 2009.

Companies Act: Draft Rules On Auditors & Accounts

As you know the new company law is likely to come into effect sectionwise. For that to happen the accompanying rules need to be finalized.

Cos Act: Government for retrospective auditor rotation

The government proposed rotation of auditors with retrospective effect, in its draft rules for the new Companies Act. CNBC-TV18's Payaswini Upadhyay reports that the ministry, which put out draft rules to accompany 16 of the 29 chapters in the Act, call for changes in accounting and auditors.

Clause 41 Makeover!

Clause 41 lays down the framework for financial reporting by listed companies. Payaswini Upadhyay gets experts to examine the Top 3 changes suggested by SEBI's discussion paper

Sebi, policymakers work on regulatory framework for REITs

Sebi is making a third attempt to put in place a regulatory framework for REITS in India. This time, REITs could take the avatar of category IV under Sebi's alternate investment fund (AIFs) regime.

Is liquidity sans fundamentals reason for global sell-off?

While there are several reasons for why the markets fell, it is a stark reminder of the dangers of a liquidity driven rally lacking in fundamentals.

CCI's Googly Or No Ball?

Welcome back to The Firm. Imagine if Securities Market Regulator SEBI – whose task it is to regulate stock exchanges, decided to run an exchange itself, even while actively discouraging all others!

SEBI V/S CIC

Can the Right to Information or RTI Act prevail on a regulator to disclose its investigation findings pending prosecution? This month, the Chief Information Commissioner ruled it to be so. Payaswini Upadhyay asks experts if that in fact was the intent of the RTI Act.

Who Funded The $2bn US Presidential Elections?

In 2010, a US Supreme Court ruling equated money with free speech for corporations. Two years later, that speech has gotten louder by 200%. The USD 2 billion US Presidential election saw an exponential increase in funding by corporations and unions

Insider Trading: World View

By: Ruchi Biyani, Nishith Desai Associates

SC Takes The Litigation Out Of Arbitration?

The key purpose of arbitration is to avoid going to court. But in India these past few years arbitration had become synonymous with litigation; even if it was a foreign arbitration!

GAAR: Take 2!

By: Payaswini Upadhyay, CNBC-TV18

Securing Unsecured Creditors' Right!

Statutory dues, secured creditors, then unsecured creditors and finally if anything‘s left – shareholders! That‘s the traditional credit hierarchy – and it gives unsecured creditors little or no say in a recovery process.

Why Singapore? Why Business Trust?

Burdened by substantial debt reliance communications has for some time now wanted to unlock value in its undersea cable business – flag telecom.

Eminent Domain Laws: World View

In a way - it's the modern day version of the battle of Kurukshetra. And in keeping with the times it's being fought in parliament between the government and the parliamentary standing committee.

BIT Notice: Desperate Measure or Trump Card?

This week we ask: Investment treaty, tax treaty, constitutional validity of retroactive amendments...does any road lead Vodafone to a no-tax destination?

Presidential references: The how, why & what next?

The 2G case is full of twists and turns – this week barely had the government moved a presidential reference that the Supreme Court - Justice Singhvi‘s Bench - admitted the government‘s review petition in the matter as well.

AAR or GAAR?!

This week's top story can be described in 3 pithy words- AAR YA GAAR. Payaswini Upadhyay explains the rest.

SEBI approves alternate investment fund norms

SEBI's board has approved the alternate investment fund regulations that regulate the venture capital, private equity and hedge fund industry. CNBC-TV18's Payaswini Upadhyay says the new regulations seem to have taken into account several suggestions that the industry had made.

TCI v/s GoI

Our top story this week: Can small beat big? Can 1% beat 90%? Can minority beat majority?

Deloitte's Take On New TP Rules!

CNBC TV18's Payaswini Upadhyay speaks to Kerwin Chung, Principal- Global Transfer Pricing, Deloitte and Anis Charavarty, Director, Deloitte Haskins & Sells on the impact of the changes to the Transfer Pricing Rules

Grrrr Grrrrr GAAR!

For decades now tax payers and tax collectors in this country and world over have been consumed by the avoidance versus evasion debate - avoidance acceptable, evasion illegal.