Tax terrorism is not new in India — the ‘Raid Raj’ years typified tax terrorism. The reasons for tax terrorism are not hard to seek — just like marketing managers, the tax department has stiff revenue targets to meet. To meet these targets, they become hyperactive in the months of February and March. Show-cause notices are issued at will, visits to the premises of taxpayers are made, injudicious positions are taken on tax laws, and tax is collected at any cost. Taxpayers are forced to play along as taking on the department head-on could have collateral repercussions on shareholder expectations.

Publication : The Hindu Business Line

Date : August 14, 2019

After the e-commerce foreign direct investment rules caused a lull in the plans of Amazon’s deal with Future Retail, the deal is now reportedly back on track. A Bloomberg report cited people aware of the development to say that Future Group is seeking a valuation of about $281 Mn from Amazon for the stake Both companies have been in talks since last year to align their businesses together through a stake deal. Amazon and Future Group have met several times to explore joint business plans about distribution, warehousing and creating special products for Amazon’s marketplace and its grocery offerings Pantry and Amazon Now.

Publication : Inc.42

Date : August 13, 2019

The rules for Consumer Protection Act 2019, recently passed by Parliament, would be framed within three months and the States would be consulted during the process, said Ram Vilas Paswan, Minister for Consumers Affairs, Food and Public Distribution on Tuesday.“We want the rules to be in place at the earliest,” Paswan told the media rebutting Ministry Officials who said Parliament has given six months to frame the rules. The Minister added that he would make sure that the rules are formed within three months.

Publication : The Hindu Business Line 

Date : August 14, 2o19

All too commonly we see groups of leaders fail to accomplish their goals- legislators who cannot agree upon a bill, heads of state who cannot broker meaningful peace deals, or boards of directors who make disastrous decisions for their companies. Why do powerful people, when working together, fail as often as they do? The question in particularly vexing because researchers have long found power to boost individual performance in a variety of ways.  When people work alone, feeling powerful helps them process information more effectively, think more creatively, and focus for longer stretches of time.

Publication : Mint 

Date : August 14, 2019

When IKEA unveiled its Indian store in Hyderabad on Aug. 9, 2018, the southern Indian city gave it a roaring welcome. In the first week of its launch, the Swedish furniture giant saw an average of 28,000 visitors per day. On some days during the first week, there were two-hour-long queues just to enter the store, and long winding traffic jams outside. Enthused by the response, IKEA is now all geared up to launch in Mumbai, Delhi, and Bengaluru, having picked up a few lessons through its first year. For instance, the Swedish furniture giant is shifting its strategy by opening smaller stores and debuting online.

Publication : Quartz

Date : August 13, 2019