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What’s the real picture Mr Jaitley ?

Akhilesh Bhargava

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Business Tit-Bits

Why Mr. Jaitley should stop the reckless tax prosecution?

Akhilesh Bhargava

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As many industry and tax associations approach the Revenue Secretary for help to prevent income tax authorities from unfairly harrasing and prosecuting them for minor discrepencies, we ask Mr. Arun Jaitley why is this being done. This culture of “prosecution raj” is hurting small and big businesses alike and is sending the wrong message to India Inc. Giving arbitary powers and setting not only revenue, but also prosecution targets for income tax officers is unfair and businessman are bearing the brunt of this. In addition to penalty and interest, other prosecution punishment is being handed down for the most minor of offences which is leaving a bad taste in the mouth of industry at large.

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Business Tit-Bits

Why the middle-class feels bamboozled with Arun Jaitley’s approach?

Akhilesh Bhargava

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With elections on the cards, it is hardsell time for Mr.Jaitley, as he keeps writing about the achievements, of the five year rule of the Modi government. In one of his recent blog posts,
he says that government has given a Rs.2 lacs crore annual benefit to the middle class, without a single tax being raised. He says that includes the reduction of GST on many commodities, which will make them cheaper, at a loss of Rs.1 lac crore to the revenue. The FM says that since July 2017, the GST on 350 items and 66 types of services has been lowered, such that almost 97.5% of goods now attract GST at 18%. He then refers to the loss of Rs.97000 crores to the exchequer due to the tax rebates on account of small savings investments, PPF, insurance premium etc. and the standard deduction of Rs.40000 given to
all salary earners. The problem is that with all this, why is it that the middle class feels bamboozled with Arun Jailtey’s approach? Mr. Akhilesh Bhargava, Business Editor of HW News Network shares his insights on the matter.

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Business Tit-Bits

What is Corporate India’s Culture of Just Like That?

Akhilesh Bhargava

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Taking the example from when Cyrus Mistry’s defence lawyer said in court that he was removed from the board of Tata Group “just like that”, we take a look at other instances in corporate India that have adopted this informal attitude and the harmful effect it can have on an entity, especially on the minority shareholders of a company.

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