As the years rolled by the “Twin Balance Sheet problem” morphed into a “four balance sheet challenge” — comprising banks, infrastructure, plus NBFCs and real estate companies — for the economy. Discuss.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 1. As the years rolled by the “Twin Balance Sheet problem” morphed into a “four balance sheet challenge” — comprising banks, infrastructure, plus NBFCs and real estate companies — for the economy. Discuss.  (250 words) Indian Express Economic Time Hindustan …

Base Erosion and Profit Shifting

Topics covered: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.   Base Erosion and Profit Shifting   What to study? For prelims and mains: BEPS- meaning, concerns associated and measures in place.   Context: The government has ratified the international agreement to curb base erosion and profits shifting (BEPS)– Multilateral …

Insights into Editorial: GAAR as a Deterrent to Tax Avoidance

  Insights into Editorial: GAAR as a Deterrent to Tax Avoidance     Summary: The General Anti-Avoidance Rules (GAAR) regime in India kicked off from April 1. The objective is to deter taxpayers from entering into abusive and contrived schemes. While such intentions to avoid the misuse of tax laws are welcome, people are very …