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Latest Columns

Caroline Baum

Unemployment needs to rise in US Senate

11 Mar, 2010 Caroline Baum

The public is mad as hell at Washington: at the corruption, the underhanded deals, the earmarks, the sense of entitlement that comes with lifetime employment.

Small business has some news for big government

Obama's pyramid schemes would make Keynes happy

Fed should read its own memo on rising-rate risk

Harshal Kamdar

Budget 2010 - More cheers than fears!

08 Mar, 2010 Harshal Kamdar

The proposed amendments of modifying the income slabs for levying personal income tax brought some joy and glee to the individuals. With the slab rates broadened substantially and increase in tax saving investment limits, the Finance Minister has increased the disposable income of the taxpayers.

William Pesek

'Berkeley Mafia' now has $514bn at stake

08 Mar, 2010 William Pesek

Indonesia's Finance Minister isn't necessarily shady. If she were, my confidence in Southeast Asia's biggest economy would be shaken

Bankers blow $20bn faster than gamblers

Rogoff gives legs to China crash talk

Toyota is as much about politics as business

Mayur Shah

Will Budget 2010 have respite for the 'Aam Aadmi'?

16 Feb, 2010 Mayur Shah

The Aam Aadmi's expectations from Budget 2010 are high given the ever rising inflation and wholesale price index (WPI). An appropriate increase in the income tax slab could probably cushion the impact of the increased inflation and WPI and could bring about some relief.

Ajay Jain

Budget 2011- Turning point for India as a world power

15 Feb, 2010 Ajay Jain

MUMBAI: As per CEO of www.astromoneyguru.com, the Union Budget is an important financial document for the next one year. The Union budget of India lays down guidelines and pronouncements on different types of taxes, financial allocations for various heads and developmental plans for different sectors.

Saloni Roy

Will Budget 2011 push Indirect Tax Reforms?

08 Feb, 2010 Saloni Roy

It is hoped that unlike the Interim Budget 2009-2010 which did not clearly match up to the expectations of the industry, the proposed Union Budget would provide economic support to industry.

Jonathan Weil

Obama's $6.3 trillion scam is America's shame

04 Feb, 2010 Jonathan Weil

Look through President Barack Obama's proposed 2011 budget, and you'll see a line calling for a $235 million increase in the Justice Department's funding to fight financial fraud. Lucky for them, the people who wrote the budget can't be prosecuted for cooking the government's books.

Mark-to-make-believe turns junk loans to gold

Buffett selling means you shouldn't buy

Paresh Parekh

What India Inc wants from Budget 2010...

03 Feb, 2010 Paresh Parekh

With Indian and global economy showing concrete recovery signs, there are lot of expectations from the upcoming Budget 2010-11. This article talks about some of such areas in corporate taxation, where there is a need for reforms.

Direct Tax Code: Law for 21st Century!

Take the good with the bad

Budget 2009: A look at corporate tax needs

Matthew Lynn

Cadbury bids leave investors with cash to burn

19 Jan, 2010 Matthew Lynn

It takes a lot for the British to discover a sense of economic patriotism. Selling carmakers Jaguar and Land Rover to an Indian company was fine. Handing over Heathrow Airport to a Spanish firm didn't ruffle too many feathers, either. But losing Cadbury Plc, which makes the Wispa bar and the Creme Egg, to the US? That is a nibble too far.

Next decade will be good one for stock investors

Eight things to watch out for in 2010

Hedge funds hold more appeal than their managers

Stephen Roach

Double-Dip Risk Seen in 'Stall Speed' Recovery

05 Jan, 2010 Stephen Roach

Where there was despair a year ago, today there is hope. Policy makers have been successful in putting in a bottom to the most wrenching crisis and recession of the post-World War II era. Yet the outlook remains uncertain.

Amity Shlaes

Obama's next trillion spending might be worth it

29 Dec, 2009 Amity Shlaes

US President Barack Obama is under fire for saying he wants to boost investment in infrastructure in the next decade

Sanjay Sinha

Will PSUs make or mar the markets in 2010?

22 Dec, 2009 Sanjay Sinha

If implemented in a time-bound manner, they will make the Indian markets much more attractive

2009 - From fear to fear

Alice Schroeder

Arming Goldman with pistols against public

02 Dec, 2009 Alice Schroeder

Talk that Goldman bankers might have armed themselves in self-defense would sound ludicrous were it not so apt a metaphor for the way that the most successful people on Wall Street have become a target for public rage.

Wall Street makes it hard to earn legal living

Buffett revisits hunting ground for survivors

David Pauly

Gold buyers nip at ultimate emotional experience

01 Dec, 2009 David Pauly

Gold has to keep rising if current buyers are to get any return. Direct investments in gold pay no interest.

Investors in treasuries, dollars defy common sense

Utkarsh Sanghvi

Roadmap to GST

16 Nov, 2009 Utkarsh Sanghvi

The existing indirect tax regime consists of a federal structure of taxes imposed on various transactions by the central and the state governments. No single levy covers the entire value addition in the supply chain.

Sushant Nayak

Why are non-resident taxation disputes rising?

06 Nov, 2009 Sushant Nayak

Whether a non-resident is taxable in India (or otherwise) should be determined independent of the clarifications provided in the circulars having regard to the provisions of the Act, relevant case laws and applicable tax treaties

Financial leverage and thin capitalisation issues

John Dorfman

Five companies that grew through the recession

29 Sep, 2009 John Dorfman

Did your company's earnings grow through the recession? No? Mine didn’t either. There are some businesses that managed the trick, however.

Susan Antilla

What the SEC Might Look Like If It Did Its Job

23 Sep, 2009 Susan Antilla

Some things get so hopelessly broken they can't be fixed. I’ve been wondering if the US Securities and Exchange Commission is one of them.

Sanjay Vaidya

Decoding the direct tax code

22 Sep, 2009 Sanjay Vaidya

The DTC makes a fundamental deviation from Income Tax Act since some of its provisions travel way beyond the common notion that Income Tax is a tax on income

FBT ke side effects!

Govindraj Ethiraj

Fear of a PSU called Jet Airways

15 Sep, 2009 Govindraj Ethiraj

Why the recent strike could see the carrier go Air India's way

The real cost of investing in Tipperary

The idea of injustice

Why private airlines can be trusted

Suganthi Shivkumar

Data Integration helps achieve business goals

03 Aug, 2009 Suganthi Shivkumar

Imagine a world where IT is perfectly aligned with the business. Accurate, relevant information flows freely throughout the enterprise, driving timely decisions and actions. The IT infrastructure is flexible and designed for reuse ensuring that companies don t just respond to changing business requirements and competitive pressures, but stay ahead of them.

Pranjal Sharma

Don't announce, just implement

16 Feb, 2009 Pranjal Sharma

All the government had to do was to push ahead with existing projects on a war footing. Projects worth over Rs 100,000 crore are in various stages of implementation. Many are behind schedule.

Actionable evidence for economy please

Vivek Pachisia

So much to do, so little time…

17 Jul, 2009 Vivek Pachisia

While Corporate India cheered a wilful/reformist UPA's return at the center, it was hopeful of crucial tax reforms, which included certain long standing demands like dispensing multiplicity of taxes, a more purposeful and definitive roadmap for GST roll out...

Indirect Tax Reforms: The road ahead

Vikas Garg

FBT – the big picture

15 Jul, 2009 Vikas Garg

ESOPs are proposed to be taxed in the hands of the employee as a perquisite at the point of allotment or transfer of shares...

Anand Naik

Dealing with disasters

13 Jul, 2009 Anand Naik

Secondary sites are now cost-effective recovery tools

Unni Krishnan

Will the bullet be bitten?...Unlikely

04 Jul, 2009 Unni Krishnan

The Economic Survey has come and gone. But unlike previous surveys, this one has raised the tempo in an already charged environment. In past two days, I have come across analysts, industrialists, NGO workers and bureacrats, all pointing to the big day on July 6 and giving reasons as how heaven will descend on earth.

Sighting rains, India's national obsession

Election 09: It's an open season

India & G-20: Tentative steps but...

Satyajit Kanjilal

Dollar Weakness?

23 Mar, 2009 Satyajit Kanjilal

The "Dollar Mantra" of the last few months, ever since the "credit crisis" started could have, all but been dumped last week!

Light at the end of the tunnel?

Bailout fatigue rocks US!

Rate cuts in focus....

Deepika Mathur

Budget 2009: Tax-free income of Rs 3 lakh?

04 Jun, 2009 Deepika Mathur

Personal tax reforms could help the new government meet the tough challenges lying ahead and also meet the expectations of the Aam Admi.

Rahul Kashikar

SC ruling on MTM forex losses...

25 May, 2009 Rahul Kashikar

The Supreme Court (SC) recently dispelled uncertainty over the income tax treatment of forex fluctuation gains/losses arising on restatement of assets and liabilities.

Subramaniam Krishnan

India, Mauritius and taxation....

21 May, 2009 Subramaniam Krishnan

In recent times, tax authorities have attempted to levy capital gains tax on cross-border acquisition of shares of a foreign company when there is an indirect transfer of shares of an Indian company

Ritika Sachade

Exempt income, disallowance & confusion....

12 May, 2009 Ritika Sachade

Rule 8D lays down the formula for computing disallowance of expenses incurred in relation to exempt income. At the outset, the formula in Rule 8D appeared to be a straight jacket one. However, over a period of time, differing views as regards its interpretation have emerged resulting in litigation.

S Seshadri

Is the worst over globally?

11 May, 2009 S Seshadri

The list of triggers for such optimism could be pretty long if one added up the ones common in local economies.

Why Obama wants to mollycoddle GM?

G20, dollars and global equity rally

Why Krugman is bearish on Obama's bailout

Vidya Nagarajan

MAT and litigations....

07 May, 2009 Vidya Nagarajan

Minimum Alternate Tax (MAT) is a simple mechanism introduced to bring all companies under the income tax net. It was zero-tax companies, which were profitable and paid dividends to shareholders but owing to various deductions/sops available under the tax laws did not have a taxable income and thus did not pay tax, that caught the attention of the legislators and led to the introduction of MAT.

Anagha Malekar

FDI changes - friendly or confusing?

07 Apr, 2009 Anagha Malekar

When every economy is striving for funds, India, too, will need its fair share to continue its growth story rolling

Vishal Rai

Permanent Establishments and tax incidences

04 Apr, 2009 Vishal Rai

Why is the concept of a Permanent Establishment (PE) so relevant for tax authorities and tax payers?

Amritanshu Rai

Why Singur will continue to simmer...

25 Aug, 2008 Amritanshu Rai

It is unlikely that the Tatas will get any respite from the agitation being spearheaded by Trinamool Congress chief Mamata Bannerjee in Singur...

Understand the times...

Eric Mehta

Tax surveys: Rights and duties of taxpayers

19 Feb, 2009 Eric Mehta

Government officials have given directions to tax officers to step out of their offices, and visit the premises of the taxpayers to gather information that could help in increasing the tax revenue

Gaurav Karnik

SEZ incentives: Are they for real?

03 Feb, 2009 Gaurav Karnik

The current slowdown in the economy has resulted in some developers relooking at their SEZ projects, and even approaching the government for de-notification. Removal of ambiguities with respect to tax incentives would result in certainty and provide a fillip to SEZ projects being completed

Surabhi Marwah

Boosting portability of PF benefits

27 Jan, 2009 Surabhi Marwah

Effective October 1, 2008, notifications have been issued by the ministry of labour and employment amending Employees Provident Fund (EPF) Scheme, 1952 and Employees Pension Scheme, 1995 to broaden their ambit to include a new category of employees termed as international workers (IWs).

V V L N Sastry

Satyam: Nationalisation or MBO?

14 Jan, 2009 V V L N Sastry

The government can nationalise the assets of Satyam, lend it Rs 1,000 crore and give the fixed assets on lease to recover the loan

Rahul Patni

2009 - tough year ahead for taxpayers

14 Jan, 2009 Rahul Patni

While government can do very little to control spending in the present economic scenario, it is looking at boosting revenue to reduce the fiscal deficit. With the government in need of revenue, pressure is building on the revenue authorities to look for increasing tax collections.

Aashish Kasad

Transfer Pricing: Consensus needed!

26 Dec, 2008 Aashish Kasad

Transfer prices are important for both tax payers and tax authorities because they determine, in large part, the income, expense and taxable profits of the associated (group) enterprises in different tax jurisdictions.

Lubna Kably

LLPs: Ushering in change

17 Dec, 2008 Lubna Kably

An LLP is viewed as an alternative corporate business vehicle that provides the benefit of limited liability but also allows its members the flexibility of organising their internal structure as a partnership based on a mutually arrived agreement

Interpretation of India's tax treaties

Kiran Jadhav

Technical View: Watch Sensex @ 8,700

15 Dec, 2008 Kiran Jadhav

The Nifty gained over 200 points and the Sensex gained over 700 points last week. The move came after a dull, tight-ranged trading activity since mid-November. This was also the first week, after a long time, that we saw positive flows into the markets.

Kuntal Dave

Tax authorities call on Vodafone

09 Dec, 2008 Kuntal Dave

The counsels of Vodafone & the tax department have overwhelmingly argued the matter. The entire fraternity of tax professionals & tax officers are carefully examining the judgement of the Bombay High court, which is believed to have far reaching implications

Are P-Notes Taxable?

Jaideep Hansraj

Asset allocation - key to long-term investing

14 Nov, 2008 Jaideep Hansraj

Most investments tend to do well with no apparent science in bull phases. The science of investing comes to the fore while managing investments either in a bear phase or in times of extreme volatility.

Chitra Suresh

A positive for money and stock markets

01 Nov, 2008 Chitra Suresh

In line with its objective to respond swiftly and effectively to adverse global market developments impinging on local markets, the Reserve Bank of India (RBI) opened its armoury on Saturday to ease liquidity pressure

RBI poised for further monetary easing

Easing of ECB norms unlikely to benefit rupee

High interest rates to stay

Vikram Oza

High Risk, High Returns: Myth or Fact?

16 Oct, 2008 Vikram Oza

The stock markets are risky business. At least that's the line most people who didn't park their money in Dalal Street have maintained. But on the flip side, the argument is 'no pain, no gain'

Cynthia D'Almeida

Importance of LOB in tax treaties

19 Sep, 2008 Cynthia D'Almeida

India is increasingly incorporating, inter-alia, a Limitation of Benefits (LOB) clause in the new treaties or by renegotiating the existing ones

Laxmikant Khanvilkar

Imperfect spot, gloomy futures

10 Sep, 2008 Laxmikant Khanvilkar

Price discovery is an important element in determining whether the market conditions are free and fair

Terror link to commodities trade!

Uday Pimprikar

Software Sector: Children of a lesser God?

25 Aug, 2008 Uday Pimprikar

It is widely believed that the software sector has always had it good. What with the extension of the sunset clause in the tax holiday under section 10A (for STPI units) up to March 31, 2010 or the SEZ scheme – the benefits of which can even be reaped by this sector.

Ashima Gupta

Transfer pricing litigation - Key Issues

25 Aug, 2008 Ashima Gupta

According to Ernst & Young Global Transfer Pricing Survey 2007-08, 100% respondents from India felt that transfer pricing (TP) will be "absolutely critical" or "very important" for their group

George Cherian

Tips to beat inflation

02 Aug, 2008 George Cherian

It's the one topic of conversation that dominates living rooms, workplaces, elevators, bars, parking lots and even, I'm told, Mumbai's local trains.

'Fix it, lest it break'

Talent Could Be Our Biggest Export

'Exporting' Inflation

Ramesh Lakshman

The Indian Derivatives Mess III

30 Jul, 2008 Ramesh Lakshman

In part I we looked at the kind of structured derivative products embraced by Indian Companies which resulted in consequential losses they were nursing. In part II we saw why many of the products were essentially risk inducing products and not risk management products.

The Indian Derivative Mess II

The Indian Derivative Mess - I

Linda Stern

Tips for retirement home buyers

15 Jul, 2008 Linda Stern

It's definitely a good time to go shopping. But don't feel like you have to rush: Some housing analysts see prices falling further, and even those who don't aren't expecting any big price jumps soon

Tips for taming rising grocery prices

Teaching kids about money

Nico Derksen

Tax credits: Booster dose for outbound investments

01 Jul, 2008 Nico Derksen

India, which has very recently embarked on outbound investments, must take proactive measures to make cash repatriation more attractive.

Nilanjan Banik

India's trade agenda - dil mange more!

02 Jun, 2008 Nilanjan Banik

The Indian government has set itself an ambitious target - an export figure of $200 billion for the FY09. The elephant wants to further grab a 5% share of global trade by 2020. Without commenting on the possibility of achieving such targets, it makes sense to understand problems presently hurting Indian exports. India's export growth is mainly stymied by supply side factors - such as government regulations and inability to provide necessary logistics - rather than the demand side factors such as appreciation of Indian rupee, tariff and non-tariff barriers.

RBI's move unlikely to calm inflationary trends

James Saft

How to stop worrying and love emerging markets?

27 May, 2008 James Saft

Emerging market shares are already expensive relative to developed market ones, but economic growth in places like China and India will continue to pull away, and investors will pay an increasing premium for that, especially if the ageing economic giants of the 20th century slip from their long term growth paths.

The discreet charm of other people's money

Global Finance: Suddenly sinkable

Bernd Debusmann

Alan Greenspan, dented American idol

06 May, 2008 Bernd Debusmann

At the height of Alan Greenspan's fame, a Washington magazine portrayed him on its cover as a Buddha figure, clad in a purple robe, sitting in the Lotus position before adoring worshippers. "The Cult of Greenspan," said the headline. Inside, the story provided riveting detail of the cult.

Deborah Cohen

'Mompreneurs' fill market gaps in baby, mother products

06 May, 2008 Deborah Cohen

When former art director Ellen Diamant had a baby in 2000, there were few diaper bags on the market that were both utilitarian and good-looking. So she designed one and built a business around it.

Small Business: In a tight fix

Elvis Picardo

Commentary: The "cereal crunch"

25 Apr, 2008 Elvis Picardo

Hot on the heals of the credit crunch comes the "cereal crunch", but don't bet the farm on hopes for a windfall.

Laxmikant Khanvilkar

Taming Inflation: Left is not entirely right

18 Apr, 2008 Laxmikant Khanvilkar

For the past few weeks the government engaged itself in fighting the battle over rising inflation which threatens to derail growth process. Despite initiating several steps to stem the rising prices of essential commodities, the result (containing inflation) has been hardly encouraging.