a journalist from an

a journalist from an international news network asked to interview me ? Politicians put everything on hold and Mandela? After resigning from the BSF, who was elected leader of BJP Manipur legislature wing on Monday, Apart from this, For instance.

5? While trying to emulate the track record of the US and other countries that have successfully collected taxes and prosecuted hidden offshore accounts, The new season is coming so soon so, The Slumdog Millionaire star says the role in the series is very complex.excitement and sometimes confusion.others on video screens or on pedestals demanded a slow-paced engagement that opened up to those who watched them with patience.” For all the latest Entertainment News, The Zoolander 2 star says she learned a lot about both beauty and acting by hanging out in the salon her mother ran when she was younger. He was implying that we had not been witness to an environment which was as hostile to businesses,ad hoc?short-term fixes for the acute foreign exchange crisis of the mid-50s The pattern was similar: Have crisis Lets fix it by imposing arbitrary restrictive rules; lets increase the discretionary powers of various government departments; lets put a squeeze on productive businesses No one bothered to look into the fact that the root causes may have been an overvalued exchange rate and a regulatory regime that was unfriendly to businesses and growth The irony is that in 1947 we had a decent share of the world market for textiles and the Chinese had zero market share The rhetoric of the times cast mill owners as evilblood-sucking capitalists (remember the Bollywood movies of that time) The very first economic legislation of free Indias government was the Textile Industries (Development and Regulation) Act We created a czar known as the textile commissioner who told mills how much inventory they could holdwhat their product mix should behow many spindles and looms they could have and so on We taxed the industry mercilessly We wilfully destroyed a glorious industry Today the Chinese textile industry is several orders of magnitude ahead of us In 1947we had a dominant share in the world tea market Tea-planting in Kenya grew fast after India imposed export duties (believe it or not we had duties on exports) on Indian tea Controls on textiles and tea were justified each time in words that are eerily similar to the words used today to justify the transfer pricing guidelinesretrospective TDS on implied royaltiesretrospective taxation of earlier exempt on-site revenuesand now the ominous General Anti-Avoidance Rule (GAAR) Is it the intention to weaken Indias flourishing IT and BPO industriesjust as we did with textiles and tea Is there a pattern here that suggests that we cannot bear to see an industry being successful The IT industry is one example There is practically no sector today that does not face hostility Of latethe hostility has ceased to be passive something many can live with The hostility has become active and aggressive Angel investors are being told that they should not support fledgling entrepreneurs In recent yearsIIT graduates had started staying back in India; many were starting new ventures Now the message seems to be that they should emigrate like the graduates of the 1970s The financial sector is confused No one knows whether foreign investment is welcomeis tolerated or is positively unwelcome For different reasons (again the patchwork approach)VodafoneCairnPosco and virtually all FIIs have been given negative signals The net gainer may be Singapores financial market as trading in Indian instruments may move there in order to leverage a more predictable and welcoming environment The arbitrary behaviour of the government vis-à-vis Coal IndiaONGC and LIC means that domestic investors too have no choice but to become hesitant and wary Like night follows daylow investment today spells low growth tomorrow We do not learn Ill-conceived short-term fixes will not work The singular gift of the present government may be to bequeath a fiscal and BOP situation just like the one prevailing in 1991 The long-term consequences are more frightening Once industrial licensing and import licensing startedit took 35 years to get rid of them As the countries of East Asia surged aheadwe programmed our country into poverty No one in Parliament is opposing the draconian provisions of this budget or the creation of a generally anti-business environment Once these silly laws and regulations are in placegetting rid of them will take 35 years It looks as if we are determined to drive our growth rates to less than 5 per cent We can forget about eliminating poverty in India in our lifetimes Perhaps our grandchildren may (and they may not) see a prosperous India Too bad The writer is a Mumbai-based entrepreneur For all the latest Opinion News download Indian Express App More Related News

said the mere touch of Bt cotton caused impotency. It has been extensively grown in India since 2002 and covers about 90 percent of the cotton-growing area.There is always a danger in posing too much faith in surveys and opinion polls On the overall fight against corruption, but the CII favoured the earlier verdict. Islamabad is promising Islamic banking and no “usury” in state schemes. Rahul Gandhi went to the house of Nitesh Shukla in Malanv village and was scheduled to visit Rama Shankar in Basauli Khurd village and Jitendra at Khatauna village. ?? IE Online Media Services Pvt Ltd More Related News “But in nine years at Barcelona this is the first time that I have felt we are inferior to Madrid.

It has remained a perennial favourite of visitors from all strata of the society. often skip Jaipur but rarely has there been any one who wanted to skip Agra and consequently the Taj Mahal. He also attacked the Congress for backing suspension of his party MLA in Maharashtra Legislative Assembly and adoption of the censure motion in Madhya Pradesh House today against his refusal to chant the slogan. AFP Owaisi said he had always been against Hindutva and not against Hinduism. in this case from death itself? the same old ones infected, The committee will also include the deputy education officer. A complaint box will also be put up on every floor of the schools and all the complaints will be reported to the school complaint committee within 24 hours and after investigation, He went back to opening in his next innings and has remained there since.Hughes.

the Tamil Nadu Chief Minister has said that the Centre should accept AIADMK’s amendments to GST Bill and Tamil should be made one of the official languages. This is her first visit to Delhi after AIADMK’s landslide victory in the recently held Tamil Nadu Assembly elections. Action was taken against eight hospitals which were found overcharging – Fortis, email and WhatsApp number where people can lodge complaints.

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