Dinesh Kanabar

As the adage goes, no news is good news. It is with a sigh of relief that one looks at the Union Budget 2017-18 and, as I often say, the resemblance between rumours doing rounds of what would likely find its place in the budget vs the actual provisions of the budget is purely coincidental and unintended!

Terming Indias decision to put investments from Cyprus under tax lens a "unilateral measure", the island nation said that it will soon hold talks with Indian authorities to sort out the taxation issue.

The proposed rule in the Union Budget to tax overseas deals that include assets in India has left investors worrying about the additional burden on past transactions, as well as India's attractiveness as a business destination. Now, at least 3 major deals, Kraft's acquisition of Cadbury's India business, AT&T's sale of India assets, and SABMiller's...

As the adage goes, no news is good news. It is with a sigh of relief that one looks at the Union Budget 2017-18 and, as I often say, the resemblance between rumours doing rounds of what would likely find its place in the budget vs the actual provisions of the budget is purely coincidental and unintended!

Terming Indias decision to put investments from Cyprus under tax lens a "unilateral measure", the island nation said that it will soon hold talks with Indian authorities to sort out the taxation issue.

The proposed rule in the Union Budget to tax overseas deals that include assets in India has left investors worrying about the additional burden on past transactions, as well as India's attractiveness as a business destination. Now, at least 3 major deals, Kraft's acquisition of Cadbury's India business, AT&T's sale of India assets, and SABMiller's...