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Sanju Verma

  • Restore sanctity of I-T Act, scrap double-taxation avoidance pacts

    "A government that robs Peter to pay Paul, can always count on the support of Paul"-- George Bernard Shaw. Well, the UPA government certainly did a Peter to multinational companies operating in India by hiking withholding taxes from 10% to a good 25% in the 2013 budget. Who is the Paul that has...

    Tuesday, 8 July 2014 - 6:35am
  • RBI governor Duvvuri Subbarao's unenviable report card

    As the Reserve Bank of India governor Duvvuri Subbarao prepares to hang up his boots in two months, expect sighs of relief from many quarters. For poor money management and an extraordinary ability to confuse using contradictory signals over the past five years have left the Street battle-weary...

    Monday, 22 July 2013 - 6:43am
  • Budget 2013: Coming up short on courage

    Ang Lee's Life of Pi upset Steven Spielberg's Lincoln to rake it in at the Oscars this year. Not surprising, as everyone loves the underdog; more so when the underdog's tale has a generous mix of hope and courage. It's precisely what finance minister P Chidambaram too loves, as he spoke of how "...

    Friday, 1 March 2013 - 10:30am
  • Not reforms, it’s the global liquidity lift, stupid!

    Half of the $24.5 billion that foreign investors poured into India in 2012 had little to do with reforms — $12 billion had already come in by August, when reforms were still on the backburner.

    Monday, 21 January 2013 - 6:05am
  • Street's done falling, way’s up now

    India’s 'silent' Prime Minister has finally shown that he has a voice, unleashing a slew of reforms in multi-brand retail, aviation and broadcasting, among other things.

    Wednesday, 3 October 2012 - 9:30am
  • Subbarao hemmed in, markets have tailwind

    Don’t cut interest rates because, though core inflation for the last two successive months has come in at sub 5% levels, the average consumer price inflation in the last three years has been 10.2%

    Monday, 18 June 2012 - 12:17pm
  • I am betting on a Black Swan event in India. Are you?

    You wake up one morning to breaking news which, incredulously, goes thus: Varun Gandhi is the new Prime Minister, fully backed by Sonia, Rahul and Priyanka!

    Monday, 14 May 2012 - 9:55am
  • Budget 2012: Deficit is pure hogwash

    Understandably, no one expected Pranab Mukherjee to have his way and do a Thatcher on his coalition partners, what with elections due in Gujarat, Himachal Pradesh and Karnataka in under a year.

    Saturday, 17 March 2012 - 9:00am
  • Extraordinary times, ordinary measures

    The budget is no leap of faith, nor is it a vision statement. All signs that the finance minister did a hasty job of it.

    Tuesday, 1 March 2011 - 2:52am