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Do we really understand government securities? You can now, with its distinguishing features

February 5, 2018 1827 Views 0 comment Print

Flummoxed was the correct reaction when I heard from my son that thousands of pages of research papers have been written in USA over government securities. But, when Mr. Viral V. Acharya, Deputy Governor, RBI in his speech at annual dinner of FIMMDA, Mumbai stated that current bond future contracts, introduced only in 2014

Transfer pricing guidelines– Global/Indian scene: Latest income tax obligations of entities

January 20, 2018 2352 Views 0 comment Print

The following article has been written to explain the salient features of the reporting requirements enforced on corporations in India/abroad which are said to assist tax authorities around the world to use transfer pricing audit to get the tax due to their countries from corporations who seemed to have found various ways to avoid the tax owed by them.

U S Taxation: Choosing most appropriate entity to start business

January 12, 2018 1602 Views 0 comment Print

In U.S.A., with the announcement of historical tax concessions for business, being reportedly released in the future, though the legal approvals have already been obtained, not a day passes when someone would not ask me what type of business he/ she may start in USA.

RBI’s Financial Stability Report, December 2017- An intellectual discussion on current Indian banking, economy and others

January 4, 2018 1320 Views 0 comment Print

Discussion on RBI’s Financial Stability Report, December 2017 covers the distinct recovery made by the world economy effected by its increasing consumption, investment and geographical spread, the other matters such as risks emerging out of volatility in commodity price

U S Taxation Vs Bangladesh taxation – Income tax, tax incentives and other information

December 15, 2017 1152 Views 1 comment Print

Sonar Bangla resonates with Bengal as a historical entity and Bangladesh, both in Commerce and Cricket with its exceptional performance has enabled us to remember its gigantic growth. When one looks at any good ready-made in U.S.A. it is an open secret that Bangladesh with its visible presence in all brick and mortar shops has […]

Lending rates of banks on a historic trail – Did they try to help bank customers and if so, with what results?

December 1, 2017 801 Views 0 comment Print

It made me speechless when my business friend Mr. N S Nathan, showed his indignation over the high interest rate being charged by his bank though like millions of sincere borrowers, he has kept up with the conditions imposed by the banks.

American Income Tax Vs Japanese Income Tax and other interesting details

November 27, 2017 2925 Views 0 comment Print

It was not unexpected to know from Mr. Ganesan, my friend for 40 years that one of his relatives has gone to Japan since he got a visa for work and I was equally delighted to know that he wanted me to write about Japanese income tax system.

Widening economic reforms – Setting up of Public Credit Registry: RBI’s Epoch-making initiative

November 15, 2017 762 Views 0 comment Print

Having achieved resounding success in uplifting India’s position in ease of doing business ranking, it is expected that RBI would initiate its efforts towards setting up of a High- Level Task Force to step up the establishment of Public Credit Registry,

Ease of doing business 2018 rankings by World Bank for year 2016/ 2017 – A lively discussion

November 6, 2017 1542 Views 0 comment Print

Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conduzcive to the starting and operation of a local firm.

The current Agenda: Restoring Public Sector Bank Health in India – Influx of funds: What history reveals?

October 31, 2017 843 Views 2 comments Print

The news that recapitalization of public sector banks with a sum of Re 2,11,000 Crores by public release of a news item by the Central government to clean up the legacy of Non- Performing Assets

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