‘Essar Steel verdict: Strengthening committee of creditors comes with riders’ Business Standard Column
The ArcelorMittal saga finally achieved quietus on November 15, 2019. Its resolution plan for rehabilitating Essar Steel was blessed by the apex court. While the judgment traverses a range of issues, the core question which it...
Article –‘Pushing exports: India must rethink trade policy’ Financial Express Column of November 18, 2019
While the trade policy mandarins of the GoI will look for solutions, the message is clear—time is up for dole-outs for promoting exports, and competitiveness of exports must be driven by quality. On October 31, a panel...
‘Corporate Tax Cuts: NaMo’s September Deepawali’, Bloomberg|Quint column
As part of the monetary and fiscal measures for reversing the recent economic trends, on Friday the Finance Minister announced the biggest of the measures; the promulgation of the Ordinance by the President of India which brings...
‘An ordinance tax boost’, Business Standard column of September 23, 2019
Short-term focus shifts to what extent the new measures will impact the fiscal deficit, accelerating non-tax revenue of the government Though there have been several precedents for Parliamentary Money Bills, such as income tax...
‘Amendments to the IBC: Correcting judicial errors, Business Standard column
The operational creditors cited the NCLAT’s decision on July 4, 2019, in Standard Chartered Bank vs Satish Kumar Gupta, R P of Essar Steel Often, courts step in to lend direction when new statues lack clarity or are...
“Foreign Portfolio Investors bear the brunt of taxation flip-flops” – Mint column, July 17, 2019
A senior official at the finance ministry remarked a day after the budget that the most complex part of the Finance Bill proposals are contained in Part I of the first Schedule. Hidden in that part was application of additional...
Article ‘Two Years of GST – Dissecting Disputes’ Bloomberg Quint column
In a week, the nation will be celebrating the second anniversary of landmark tax reform, the Goods and Services Tax Act. It is only befitting to remark that neither and analysed across various dimensions. From an ease-of-doing...
‘India’s GSP status: US’ attempt to leverage’ Business Standard column
On May 31, US President Donald Trump proclaimed the Trade Act of 1974 re-designating India as a “beneficiary developing country” from the Generalised System of Preferences (GSP), reversing an executive order of November 1975...
Why next-generation tax reforms must top to-do list for Modi 2.0 government’ – CNBC TV 18
As the next government considers what the next five years of the reform agenda should look like, tax reforms will, inevitably, play a large role. The GST, which underwent teething challenges due to inadequate planning on...
‘Let’s get serious about new tax code, put economics ahead of politics’ Business Standard column of May 27, 2019
It’s time to put economics ahead of politics. The DTC has been in works for the past 18 months with intensity and the working group is expected to submit a draft code by the end of the month. The Code is expected to contain...