The question whether a steamer agent would be liable for payment of demurrage which are uncleared by the consignee to the port trust has been referred to a larger bench of the Supreme Court. 


Forbes Campbell case referred to a larger bench

Business Standard

Since he took over as Finance Minister in 2004, Mr Chidambaram has taken many important steps to reform the indirect tax administration. Notable among these are allowing Cenvat credit of service tax

Don`t ignore the notifications

The NSC has transformed itself from the usual non-profit-earning PSU into a vibrant entity.


Surinder Sud: Seeds of change

While the Supreme Court has faulted high court judgments, it has had to revise one of its own.


M J Antony: Error of judgment

If the number of patent applications filed under the World Intellectual Property Organisations (WIPO) Patent Cooperation Treaty (PCT) is any indication, India appears to be a laggard among the

Poor patent score

The controversial tax residency certificate (TRC) issue is part of the 14 retrospective income tax amendments proposed in this Budget. Last year, Pranab Mukherjee as the finance minister had brought in as many as 34 retrospective I-T amendments, including the one that could tax Vodafone's takeover of Hutch in India and similar transactions going back to 1962.

TRC among 14 I-T retro amendments

If it was the General Anti-Avoidance Rules (GAAR) that scared investors a year ago, a clumsily-worded proposal in the Finance Bill sparked alarm among foreign institutional investors (FIIs) and sent stocks to their worst post-budget performance in four years.

Decoding the TRC mystery and confusion

Britons may have to pay bin taxes&#39; under pilot schemes being rolled out across the country that threatens to slap up to #1,000 a year on households that do not do enough to recycle garbage.

Britons may have to pay `bin tax`

Press Trust of India

The Centre has been hindering the state's development, Madhya Pradesh Chief Minister Shivraj Singh Chouhan tells SHASHIKANT TRIVEDI 
Madhya Pradesh now has a swollen food kitty.

`Madhya Pradesh will be among top few states`

&nbsp;The Speaker has been equally tough with MPs belonging to his own party. 
&nbsp;On June 4, India's only Communist Speaker of the Lok Sabha celebrated four years in office.

Aditi Phadnis: Introducing discipline

Micro financial institutions are fast growing in eastern India, even as the south remains the place to consolidate the gains of the past . 


MFI sun rising in the east

The Maharashtra government has given away about 40 hectare (ha) of grazing land to Dow Chemicals for a research and development facility in Shendi village, 30 km from Pune. Villagers say they were

Pune villages protest at  Dow research facility

While policymakers in India are concerned about how to fight inflation, its worth keeping in mind inflation is a global problem at the moment, and despite growth in both the US and the Euro slowing

Sunil Jain: Global inflation problem

A limited strategic partnership with the US is beneficial for India, the UPA, and the Left. 


Shyam Ponappa: India`s Access To Nuclear Fuel & Technology

If the US wants to remain as the global leader in cutting edge research, innovation and high-wage job growth, we must update our tools for rewarding these activities. The R&amp;D tax credit has proved

`US must update tools for rewarding R&D activities`

Salwa Judum, the low-cost strategy of the Chhattisgarh government to tackle Naxals, meant uprooting thousands from their villages and suspension of human rights in areas of its operation.


Sreelatha Menon: Gunpowder for State

Last week, the mail box of several tax advisers was flooded with ruling on a high-profile litigation tax matter in relation to Microsoft. The ghost of income characterisation in international

Income characterisation and Microsoft

The government loses most indirect tax cases in the Supreme Court. I am not in possession of exact data but when I read the judgements I find that the predominant number of judgements are against the

Why the govt loses in the SC so often

After more than two decades of legal proceedings, the Supreme Court has asked the Appellate Authority for Industrial &amp; Financial Reconstruction to consider the appeal of Jaipur Udyog Ltd against

Jaipur Udyog Ltd`s appeal to be considered

Bengal NGO teaches displaced people new ways to restart their lives . Shanti Mondol, 30, and her husband decided to run away when Nandigram was being evicted. They had to take refuge in a village 50

Teaching them to fish

The right policy response to global price increases is not straightforward. 


Suman Bery: On dealing with external shocks

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