Money Laundering in India At the end the shiny reputation of three of India’s largest private banks was pulled down by mere camera based sting operation. The reporter with a sting camera was one of the courageous individuals who dared to put forward the true story of money laundering carried out by the bank. A […]

Economic Survey – Facts The pre-budget Economic survey gave a rosy picture indicating the return of happy days for the economy. The GDP growth will take up the momentum to reach somewhere between 6.1% and 6.7% in 2013-14, higher than the current level of 5%. The survey indicated WPI Inflation to fall to 6.2-6.6% by […]

GAAR GAAR or General Anti Avoidance Rules is a concept which generally empowers the Revenue Authorities in a country to deny the tax benefits of transactions or arrangements which do not have any commercial substance or consideration, other than achieving the tax benefit. Whenever revenue authorities question such transactions, there is a conflict with the […]

The rising fiscal deficit in India is a matter of concern for the country but for the government of India it  is the Gold which is portrayed as the Villain and a prime reason for such rising deficit. However gold is not a villain as portrayed by the government, on the other hand it is […]

Deloitte Deloitte Consulting is a part of Deloitte Touché Tohmatsu Limited (DTTL), a limited liability Private Company in UK under which exist many independent member firms located in different geographical areas. Deloitte DTTL is considered as a Professional Services Network and one of the Big Four Professional Service firms along with PricewaterhouseCoopers (PwC), Ernst & […]

Distribution of Funds between the Centre & the States The financial federalism in India works mainly in favor of the Central Government and ensures central government collects heavily than its spending. The government collection is transferred to various states under the head of financial assistance/resource from Central Government. The union budget has huge implications for […]