Sucheta Dalal :Toxic Taxes
Sucheta Dalal

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Toxic Taxes  

August 6, 2013

For five years United Progressive Alliance (UPA-2) has followed a policy of aggressively hounding legitimate businesses through what senior counsel, Arvind P Datar, calls an "unpredictable, unfair and arbitrary tax system." This too is contributing to slow economic growth

Sucheta Dalal

At a time when India needs it the most, foreign direct investment (FDI) has almost dried up and portfolio investors, who have contributed the biggest chunk of our foreign exchange reserves, are staying put only because a pullout would mean booking crippling losses. But, this is a self-created situation.

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-- Sucheta Dalal