Exclusive: Gujarat Govt’s ‘High-powered’ Plan to Bail out Adani, Tata, Essar’s Stranded Power Projects
Draft report proposes that “the burden of hardships” be borne by all stakeholders – developers, lending banks, and consumers.
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The Vodafone Tax Saga and India’s Arbitration Worries
A recent ruling by the Delhi High Court has forced the Indian government to face not one but two arbitration proceedings against Vodafone in the biggest-ever tax dispute of its kind that has been going on for over a decade. The outcome of the dispute will have international ramifications and very significant implications on the implementation of bilateral investment treaties and the investor-state dispute settlement regime in the country.
Dalit Family Targetted by Upper-caste Mob in Bhima-Koregaon Violence Still Awaits Justice
While they have faced a bureaucratic runaround in trying to get the government officials to do their duty, they have been subjected to various kinds of pressure.
How a Change in Shipping Policy Will Cripple India’s Largest State-Owned Port
The biggest-ever change in India’s shipping policy, undertaken by the Modi government, is expected to endow huge benefits to a small clutch of international and domestic shipping companies.
Carving up a Business Empire Through Tax Havens: The Ambani Way
The network of offshore companies and Swiss bank accounts that were used to divide Dhirubhai Ambani’s foreign assets after his death is being probed by the income tax authorities; a company crucial to the network was MoTech Software.
India’s corporate debt bomb ticking
Total NPAs reached a whopping Rs 9.5 lakh crore by end March 2018. India’s banking sector, the foundation of our modern economy, is in crisis. A spate of scams has dragged the credibility of India’s biggest private and public sector banks through the mud. Even more dangerous is a Debt Bomb of bad loans that has grown almost 17 times bigger in the past 10 years.
An Unnamed IAS Officer Levels Serious Allegations of Corruption Against Big-Four Firm KPMG India
An anonymous letter written by a civil servant, addressed to Prime Minister Narendra Modi, has levelled serious allegations against the multinational consulting firm KPMG’s India operations. In the letter, a senior bureaucrat who claims to be a member of the elite Indian Administrative Service accuses the group of exercising influence over key government officials by, among other means, recruiting their children and relatives.
Diminishing Values
Two of the Tata Group’s Housing Projects Are Mired in Controversy. The Tata Group, which claims to be among India’s most prestigious and ethical corporate conglomerates, has become embroiled in controversies relating to two housing projects. The projects being set up by Tata Value Homes and Tata Housing in north India diminish the group’s claim to the moral high ground.
Modi Government’s Rs 500-Crore Bonanza to the Adani Group
The government has quietly tweaked rules relating to special economic zones – and the new rules specifically favour the Adani Group. The government recently took a decision to quietly tweak the rules relating to special economic zones (SEZs) which has enabled a company in the Adani Group to reap a bonanza of around Rs 500 crore.