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Economy

Category
Economy

The taxpayers’ charter for India

I had an Income Tax case running for one of my businesses from FY 2006-07 until it ended in FY2016-17. For a decade, the case wound its way through the department (Officer, Commissioner, Appellate, Tribunal and so on), at every level it got awarded in our favour. Luckily, the department didn’t approach the courts (Madras High Court and then the Supreme Court) – had they done that, it would’ve been another decade or two. Having gone through the ordeal and the consultations I had over the years with auditors and tax lawyers, I get to understand Indian Tax Laws are…

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In Economy

Mr Mukesh Ambani & JIO Success

2 Mins Read

It’s incredible what Mr Mukesh Ambani has been able to achieve with Jio (and Reliance Industries). You may dislike him or his practices, but you have to admire his vision and business acumen to raise well over $30 Billion during…

Economy

Secret of the success by Indian companies

I am not sure whether I should be posting this one as it may be seen to be the obvious or generalizing my experience or being plainly cynical. If I sleepover on this, it won’t see the light, hence pressing the Publish now! Businesses in India have followed simple rules for success: Focus on Marketing & Sales, Under-Deliver to customers and have non-responsive after-sales, Manage Employees, and Squeeze out vendors and delay payments to suppliers. This modus operandi seems to have now jumped from domestic businesses to export-oriented businesses; from large enterprises to startups too. I am wondering whether this…

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