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The Great Indian Gold Heist

Why the 80:20 Gold Import Scheme is a ₹ 2.65 lakh crore (or $35 billion) scandal. The 80:20 gold import-export scheme that began in July 2013 when the UPA government was in power and continued till November 2014, six months into the tenure of the Modi government, has been sharply criticised by the CAG.

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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.

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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.

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