By now yourselves will agree that the Act is a special Law and a self-contained code intended to address the increasing scourge of money laundering and provides for attachment of property derived from or involved in money laundering and prosecution of those involved directly or indirectly in the process or activities of money laundering.
Read MoreWith the last throes of the demonetization saga closely nipping at the government's heels, much theatre and fanfare accompanied the introduction of its 2017-18 budget. Tension was heightened as the union budget was merged with the railway budget, reportedly for the first time in 92 years.
Read MoreAn Indian court approved a settlement that allows Tata Sons Ltd. to pay a $1.17 billion arbitration award to estranged partner NTT Docomo Inc., soothing foreign investors’ concern that the central bank’s interpretation of investment rules would effectively prevent them from exiting losing bets.
Read MoreThe commencement of the new Financial Year beginning April 1, 2017, brings a paradigm shift in the fiscal and tax landscape in India. Implementation of the provisions of General Anti Avoidance Rules ('GAAR'), amendments made to the Double Taxation Avoidance Treaty between India-Mauritius, Singapore and Cyprus; introduction of thin capitalization rules, provisions of secondary adjustments marks a beginning of the second-generation reforms in the Indian Income Tax landscape.
Read MoreWith ever increasing levels of non-performing assets (NPAs) in the banking system, the Reserve Bank of India (RBI) has been seeking ways to reduce the burden of providing credit on banks. In particular, the RBI has emphasized shifting long-term credit requirements such as project loans, and credit to borrowers with a large exposure to the banking system, to the bond market. Following its monetary policy announcement in April, the RBI released a discussion paper on facilitating "credit supply" for "large borrowers" through the bond market.
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