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This category contains 23 posts

Supreme Court: Stamp Duty on power of attorney given to unrelated person is constitutionally valid

In a recent decision in case of State of M.P. Vs Rakesh Kohli, the Supreme Court has upheld the constitutional validity of Levy of Stamp Duty at the rate of 2% of value of property transferred by power of attorney (POA). The impugned law passed by the Madhya Pradesh State Legislature provides that POA given […]

How To Complain Against Corruption: CVC Circular

How to lodge Whistle Blower complaints under Public Interest Disclosure and Protection of Informer (PIDPI) Resolution – Public Notice.

Profitable discoms power Gujarat ahead

At a time when most parts of the country are facing power shortages and debt-laden state electricity boards and distribution companies (discoms) are seeking another bailout from the Centre, power sector entities in Gujarat are a study in contrast. All of Gujarat’s four state-owned discoms – Uttar Gujarat Vij Company, Madhya Gujarat Vij Company, Dakshin […]

The grand SEZ dream on deathbed

Calculations seem to have gone offtrack along the way; the initiators blame policy confusion and lack of comprehension in coordination. The Special Economic Zone (SEZ) policy was launched with considerable hype in India in 2006, when the economy was booming and investors around the world were looking at the country as a credible investment destination. […]

The incredible story of the UID project

When Ranjana Sonawane, a 30-year-old housewife from Tembhli, a tribal village in Nandurbar district of Maharashtra was allotted the UID number 7824-7431-7884, the team at the Unique Identification Authority of India (UIDAI) would have been quite justified in feeling a little pleased with themselves. A small team – 160 people – had achieved the first […]

Gujarat’s income tax collection may rise by 18% this fiscal

Gujarat’s income tax collection may rise by 18% this fiscal

PAN to be linked with Unique Id Number

PAN to be linked with Unique Id Number

Highlights of Foreign Trade Policy 2009-14

Higher Support for Market and Product Diversification 1. Incentive schemes under Chapter 3 have been expanded by way of addition of new products and markets. 2. 26 new markets have been added under Focus Market Scheme (FMS). 3. Incentive available under FMS raised from 2.5% to 3%. 4. Incentive available under Focus Product Scheme (FPS) […]

Investment in Art – the hidden cost that hurts

What pinches is the value you actually pay above the final price of a work of art. Let us for the moment ignore whether these are good times or bad times for buying art. Instead, let’s ask: What is the art you buy really worth? Or, put another way — are you paying much more […]

The Value of ‘Other People’s Money’

SOME things never change. When President Obama spoke last week of “shameful