15th
Vodafone tax dispute: Govt initiates moves for 'out of court' settlement
The Government has initiated moves for a conciliatory out-of-court settlement with British telecom major Vodafone over the Rs 11,000 crore tax dispute with Attorney General G E Vahanvati favouring... »
<> "......and finally by Parliament as an amendment will have to be made to the Income Tax Act, the sources said. "
That is a strong indication to that, men in governance/power, and their coterie, with changing composition from time to time, are determined to continue to eternity with the policy of never allowing, for the good of the nation, the tax laws to satisfy the three ideally xpected/advovocted essential prerequisites- that is, the 3 Ss- " Simple, Sane and Stable" (often stressed by 'nani', the distinguished international law expert of repute and reverance, in his astounding in-depth wisdom).
TOI
Kapil Sibal go-ahead for settling Vodafone tax row
PAN compliance>
Sting op: Banks face steep penalty - The Times of India
Related:
NOT UNRELATED !
Growth vs inflation control
High-rises help change Bangalore's skyline - The Times of India
Growth vs inflation control
Monetary tightening reduces growth more than inflation when the latter is driven primarily by food prices and supply-side factors. »13th
Wholesalers to continue strike against local body tax
Inflation driven economy- A PARADOX in perennial practice ?!
11th
OPINION
May 9, 2013
Readers’ Editor, paper’s guide
In retirement in a secluded place, with no professional pressures, I no longer pay serious attention to newspaper content, casually scanning a few of them daily. But I was jolted out of my languid... » 1 comment<> Own experience but in relation to banking provokes one to seize the opportunity, and quite agree and endorse what BSR said; the self -same 4 atrributes proven to apply on all fours / with full force to that ilk within the portals of RBI.
C >
Sporadic:
"Under the circumstances, the Government may well be tempted to enact crucial laws...... It must desist from doing so. Not because having advanced the closure of the Budget session two days before schedule, it has lost the moral authority to issue ordinances on grounds of policy exigencies."
If one remembers right, in the opinion of a mature and renowned constitutional law expert - no less a personality than (late) N A Palkhivala, as gathered from his speeches /articles on the related topics,
"ORDINANCE" is, even otherwise / for other obvious sane reasons, not to be lightly treated as an alternative open / coming-in handy, to "LEGISLATION" . For that is the exclusive prerogative of the Parliament. In a layman's words, -doing so will be tantamount to thrusting upon the people any such crucial law of national importance, having the farthest reaching consequences it is potent with, without due deliberations / debate as ideally expected of. That is, none can deny, no less objectionable to or obnoxious than gaining entry into a restricted area through back door, after scaling the protective wall or fence around to prevent trespaass.
<previous
Taxman turns lens on domestic assets of high net-worth individuals
Norms to apply to non-salaried HNIs » (not to be cofused with the most dreaded - HNV)Banks told to comply with KYC norms strictly
Tax officials dig out old cases to meet target; speed up probe
<previous
Paradox of Indian philanthropy
10th May
There is an old saying that equates the medical, legal and accounting professions, by holding that one should never lie to one’s doctor...
<> An episode as told by a friend, philosopher and guide - known for his exemplary wisdom and more for his quick wits- modified to fit into the context herein:
<><> "...but then rules are NORMALLY MADE for the masses that follow them and not the minority who skip them. .."(big font substituted)
<previous
TheKnowledge@ Wharton (K@W) Web site of March 21 gives an incisive as well as revealing account of the state of philanthropy in India. It is well worth visiting by every netizen and member... »
Is rotating auditors a good idea?
There is an old saying that equates the medical, legal and accounting professions, by holding that one should never lie to one’s doctor...<> An episode as told by a friend, philosopher and guide - known for his exemplary wisdom and more for his quick wits- modified to fit into the context herein:
A young man freshly qualified Ph D (Doctor) in Agricultural Engineering and Technology (<link provided for reading more) happened to stumble on an article @Ghani: A traditional method of oil processing in India. Only to get extremely excited and curious to have an on- the- spot know of it. Hence set out on a journey to a village in Punjab learnt to be still thriving in that cottage industry.
Doctor got hold of a local guide to go to a farmer’s work site. Also introduced the guest to the farmer as a very learned man, a Doctor, the highest qualification on earth ; who is simply interested to hear and see for himself how the conventional out-of-date contraption of his worked.
Witnessed the two bullocks yoked together and harnessed to the axis, going round and round in circles along the ages-old beaten track. Suddenly it occurred to Doctor, who wondered aloud: when the farmer took a break and went home , would the bullocks still continue with the task. Pat came the farmer’s reply, Sir, of course ; added that, the non-stop jingling of the bells tied around their necks, when being shaken, would ensure that.
Doctor had another quick doubt,-what if the bullocks wickedly stooped to halt but kept on shaking their heads.
With folded hands, in a prayerful gesture towards the sky, the farmer hastily cleared the doubt, but with unmistakably mischievous sparks in his eyes: Sir, as good luck would have it, my bullocks are not academically qualified, anyway not done a Ph D. !
Anyone to see its connectivity to the subject write-up- keep trying; may be pardoned if not succeed !!
What is sought to be conveyed is not clear or readily decipherable. It is prima facie a generalisation, standing out as a like instance , just as missing the stone for a dog or mistaking the rope for a snake; or vice versa. In one's conviction, that has something ton do with individualistic perception or perspective. By and large, any man-made rule, if it were strictly and sincerely founded and structured, to the core, having regard /in mind profoundly good and sane principles, also implemented /enforced with no reservation whatsoever - which, of course, is invariably never the case or reality of life, difficult- to-precisely- define concepts such as, 'small' or 'big' should automatically pale into insignificance or immateriality or irrelevance. For, the success or otherwise of any such principle based rule is then mainly, if not wholly, dependent upon the following / compliance therewith, by either , small or big , alike.
<previous
TheKnowledge@ Wharton (K@W) Web site of March 21 gives an incisive as well as revealing account of the state of philanthropy in India. It is well worth visiting by every netizen and member... »
Despite Coalgate and, now, the bribery involving the Railway Minister, the Congress-led ruling alliance is likely to complete its term, secure in the knowledge that nobody is ready to rock the boat. Is the nation full of gullible millions? »
A Quixot
A self-professed quack
A Quixot
"An apple a day drives the doctor away" is an old time slogan, rather prescription , to save oneself from falling sick or developing any symptom of failing health. But, then, the like sounding "A scam a day" ought not to be mistaken for a moment to provide any useful clue as to how best to save the so-believed, rightly wrongly, still kicking democracy of ours from any further deterioration ! Unless any soothsayer, better a misfortune teller, can prophesy that the nation is still left with any hope of remedying the ever growing malice - that is, the incorrigible mental block afflicting the men in power, the so dubbed 'netas', on the one hand, and the ever fast proliferating humans, so dubbed by a wise man as boneless wonders walking the mother earth, on the other !!
about 20 hours agoA self-professed quack
not just mine- of one and all: Quite ridiculous, highly distressing, leaving no room or hope for an honorable survival or even burial !
about 6 hours ago
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