Inheritance Tax in India

The general perception is that there are no inheritance taxes or estate duties or death taxes in India. The Estate Duty Act, 1953 was abolished (technically suspended, not repealed) in 1985 meaning that there is no estate tax at the central government level. However, the perception that there are no inheritance taxes in India is…More

Thoughts on Trumps Tax proposal.

1. Trumps 15% Corporate Tax proposal will make US – the next tax haven in reckoning. It is also likely to be a great opportunity for US Companies that have stashed money in overseas tax havens to remit them back to USA at lower tax rates – bringing down US current account deficit and bulging…More

Catastrophic Impact of Demonetisation on Indian Economy

Around 87% of the Currency in circulation – so called High Denomination Notes of Rs. 500 and Rs. 1000 – have been demonetized by our ‘Acche Din’ PM Shri Narendra Modi at the stroke of the midnight hour of 8-9 November 2016 – ostensibly to fight the menace of Dirty Money, Black Money and Fake…More

Why there is no kranti in Arthakranti’s rather radical tax proposal but it is plain stupid.

Arthakranti Sansthan (literally, “Economic Revolution Organisation”) has proposed a rather radical tax and economic proposal which they believe (emphasis mine, not supported by empirical data or field study or practical application on ground) is “an effective and guaranteed solution of Black money generation, price rise and inflation, corruption and fiscal deficit, unemployment, ransom and criminal…More

The demand for abolishing high denomination currency notes

In India, various quarters, as diverse as an NGO Arthakranti with a rather radical tax proposal, a yoga guru turned FMCG Entrepreneur Baba Ramdev to political leaders such as Andhra CM N Chandrababu Naidu have raised the demand to abolish / recall & withdrawal of high denomination currency notes such as INR 1000 and INR…More

Offline – The next stop for techpreneurs

There are four aspects in a sale of goods, namely – order, product, payment and delivery. Given abysmally low card penetration & prevalence of a parallel economy, cash-on-delivery (COD) is the preferred option for Indians. Hence, three aspects of the four cited above – product, payment and delivery to consumer are offline with only display…More

2 Suggestions on Fund Raising to Air India (NACIL)

I have 2 suggestion on capital raising for the debt-laden National Aviation Company of India Limited (NACIL) i.e., Air India. In both cases, the controlling interest will remain with the Air India holding company – NACIL. 1. Stake Sale & Listing of Profitable Subsidiaries From the point of view of External Business Environment – this…More