The manufacturing value-add in computers would be a tiny fraction of the value added in services compromised by restricted IT imports. For a few million dollars worth of forced manufacture, should India make life difficult for a trillion-dollar technology and technology-enabled services industry?
Infrastructure hopes to ride on the government's commitment made in the budget to spend big on infrastructure. The government must live up to this commitment. Action by GoI on two other fronts is crucial as well, to sustain the gathering growth momentum. One is energy, the other is social peace.
The issue is not the rate of tax; it's the taxing of turnover, and not the gaming company's revenue
A constructive response to the atrocity in Manipur is to shun the politics that pits communities against one another.
What determines the ardour of the West’s wooing of India? Wherever India’s Prime Minister goes, he is feted, wooed, coddled. What explains this ‘rock star’ treatment?
For the supporters of Prime Minister Narendra Modi, the answer is quite simple: his unparalleled charisma and popular support. For those not so adept at such thinking, a more rational explanation is in order. One can be found in the ongoing flux in geopolitics and the desperate search for a new world order, in which the West hopes to retain advantage, even if to a lower degree than it has had in the past.
BENJAMIN Franklin is supposed to have said that the only certain things in life are death and taxes. The certainty of taxes can be exaggerated, especially in India. But there is nothing uncertain about the fury of a taxman who has been scorned.