Originally posted by Officer of Engineers
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Tracking India's development policies
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Why doing business in India is still far from easy
A little bit here and there," is how Godrej Group chairman Adi Godrej describes the change in the ease of doing business in India over the past year. "There are still too many permissions required, to many ministries - both at the central and state level - to be followed up with," Godrej puts it bluntly.Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!
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Ease of doing business: Real estate strangled by bureaucracy and corruption
Ease of doing business: Food and beverages bitten by over regulation
Ease of doing business: Setting up ecommerce shop not a click away
Mr. Modi, please don't screw up the passage of GST bill in 2016. Getting FDI and foreign companies interested to make in India is not enough, policy/procedural/tax reforms should be tackled on a war footing. Time to burn the midnight oil, without holidays & foreign trips, and walk the talk.Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!
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GE, Alstom land $5.6-billion deals to supply Indian Railways
There are still technical issues with the Board. Had to post multiple times of what should have been a single post.Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!
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Originally posted by cataphract View PostHaha you're assuming that emission standards in India are actually enforced for vehicles.
Cheers!...on the rocks!!
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Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!
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Originally posted by Oracle View Post
There seems to be a certain confidence in winning the next election, going by Gadkari's comments here or am i mistaken ?
How else to interpret his brazen comment
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Originally posted by Oracle View Post
What i get from it is they are using this network to make an example for the purposes of tax evasion. I don't read any more ulterior partisan motives here.
See, one of the promises made by this govt was they were going to go after the corrupt.
Well, how many big fish have they brought to book to date ? Not a single one.
China can arrest Meng Hongwei to drive home the point the CCP is tough on corruption. In India if they do that, the courts will throw the case out and the govt will appear incompetent in an election year.
So they pull these low risk stunts knowing full well, a media house will publish whatever harassment was experienced
And it sends the message that they are tough on corruption without any guilty caught to date but lots of hassle caused to innocents
My take : )Last edited by Double Edge; 13 Oct 18,, 18:17.
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Let me give you an example of some one i know. This guy runs a textiles company. He gets designs of clothes and sells them to dept stores.
He was an NRI up to 2011 and had an office in HK. Then he decided to move his operations to India and closed the office in HK. He brought back half a crore and invested it into his new company in India.
He declared everything to the income tax people.
After the Panama papers leaked he got into the ED's net. Because they found his company in the list. It was in there for various reasons but the ED gets triggered on the grounds of money laundering.
The ED figured shell company for the purposes of money laundering and slaps him with an instant 17lakh fine.
He's done nothing wrong. So it takes a few trips to the ED's office to explain the situation. At the same time his business takes a hit and he tells them he can't pay this fine.
Finally it gets haggled down to 5 lakhs. Which he pays off in drips and drabs.
That's a 5 lakh fine imposed for no fault of his. But to fight it out would mean a long drawn out affair with legal costs exceeding the fine.
The mistake he made was not declaring to the RBI he had closed the business in HK after setting up a new one in India. Nobody advised him to do that at the time.
There are many cases like this and your Quint video is just an example of one.
The problem is the govt wasn't enforcing rules earlier and then all of a sudden decides to do it which means a lot of established practice where you didn't have to declare every single goddamn thing now all of a sudden comes under the radar and the accusations and fines levied wherever the buggers can get away with it. The big fish camp out in London, its the little guys that suffer.Last edited by Double Edge; 13 Oct 18,, 16:25.
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Originally posted by Double Edge View PostWhat did you get from this video ? that the govt is going after opposition voices ?
What i get from it is they are using this network to make an example for the purposes of tax evasion. I don't read any more ulterior partisan motives here.
See, one of the promises made by this govt was they were going to go after the corrupt.
Well, how many big fish have they brought to book to date ? Not a single one.
China can arrest Meng Hongwei to drive home the point the CCP is tough on corruption. In India if they do that, the courts will throw the case out and the govt will appear incompetent in an election year.
So they pull these low risk stunts knowing full well, a media house will publish whatever harassment was experienced
And it sends the message that they are tough on corruption without any guilty caught to date but lots of hassle caused to innocents
My take : )
Raghav, as you can see in the video comes out heavily but cheekily on the tax sleuths, as if he understands the harassment was mutual. So, my take on this is, the government has fired the first shot, which is a warning to toe the line in the coming election year. Yes, any case if made out, will not find favor with the Apex Court, which is very good in a democracy.
The point is when it comes to National Security, media houses fishing into issues such as Kulbhusan which is sub-judice in the ICC, isn't fair play. He's one among us even if he's guilty (for abduls reading this post, this is an assumption, not proven shit) of crossing into Balochistan.Politicians are elected to serve...far too many don't see it that way - Albany Rifles! || Loyalty to country always. Loyalty to government, when it deserves it - Mark Twain! || I am a far left millennial!
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