Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
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Aware of corporate nervousness over phone tapping: PM
Prime Minister Manmohan Singh Tuesday said he was aware of the "nervousness in the corporate sector" over phone tapping and asked cabinet secretary KM Chandrasekhar to look into the matter and submit a report within a month. "I am aware of the nervousness in the corporate sector arising out of the powers conferred upon the government authorities to tap the phones for protecting national security and preventing tax evasion and money...
More »Supreme Court asks A-G to produce copy of complaint against Radia
The Supreme Court on Monday asked Attorney-General G.E. Vahanvati to produce in a sealed cover a copy of the complaint received against corporate lobbyist Niira Radia, which formed the basis for the Income-Tax Department to tap her telephonic conversations.A Bench comprising Justices G.S. Singhvi and A.K. Ganguly said this to the A-G after perusing the Centre's counter-affidavit in the petition filed by industrialist Ratan Tata, alleging that the publication of...
More »FinMin probing more than 100 overseas deals for tax evasion
The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...
More »Prashant Bhushan, senior lawyer interviewed by Sheela Bhatt
Since the last few years, Prashan Bhushan, senior lawyer, has fired up the Indian political scene through his missionary legal practice.In the legal fraternity he is a loner because he is, always, on the wrong side of the power set up in New Delhi. In fact, when one meets the slow and soft-speaker, he hardly looks like a lawyer who is capable of shaking-up the government and its cronies.But, his...
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