ISSN (Online) - 2349-8846

Paranjoy Guha ThakurtaSubscribe to RSS - Paranjoy Guha Thakurta

A Mega-merger and a Bureaucrat’s Transfer

The formation of India’s largest telecommunications group with Idea Cellular and Vodafone coming together indicates that Reliance Jio’s competitors are feeling the heat. The business rivals of Reliance Jio believe that the company influences policies and appointments. The Idea–Vodafone merger may lead to cartelisation which will not benefit consumers in the medium term.

Did Adani Group Evade ₹1,000 Crore Taxes?

The corporate conglomerate headed by Gautam Adani has been accused by the Directorate of Revenue Intelligence of having allegedly evaded taxes and laundered money to the tune of around  ₹1,000 crore while trading in cut and polished diamonds and gold jewellery. The DRI has claimed that companies in the Adani Group misused export incentives and indulged in high-velocity circular trading through a complex web of front companies located in different parts of the world. The government seems strangely reticent about fi ling a review petition in the Supreme Court that could protect its revenue interests.

Adani Group Accused of Evading ₹1,000 Crore Taxes in Diamond Trade

The corporate conglomerate headed by Gautam Adani has been accused by the Directorate of Revenue Intelligence of having allegedly evaded taxes and laundered money to the tune of around ₹1,000 crore while trading in cut and polished diamonds and gold jewellery. The DRI has claimed that companies in the Adani Group misused export incentives and indulged in high-velocity circular trading through a complex web of front companies located in different parts of the world. The government seems strangely reticent about filing a review petition in the Supreme Court that could protect its revenue interests.

Did Modi receive over ₹55 crore from the Sahara Group as the chief minister of Gujarat?

Documents seized by the Income Tax Department in private corporations imply pay-offs were made to the PM and leading politicians.

GSPC: A Controversial Case Study

While the Bharatiya Janata Party claims the Congress has been trying to deflect allegations of corruption against it by highlighting controversies relating to Gujarat State Petroleum Corporation, the many allegations levelled against the management of this state government company are serious. The Oil and Natural Gas Corporation should think hard before deciding to partner GSPC.

Is ONGC under Pressure to Bail Out Debt-ridden Gujarat State Petroleum Corporation?

While the Bharatiya Janata Party claims the Congress has been trying to deflect allegations of corruption against it by highlighting controversies relating to Gujarat State Petroleum Corporation, the many allegations levelled against the management of this state government company are serious. The Oil and Natural Gas Corporation should think hard before deciding to partner GSPC.

A Call for Review: Supreme Court’s Decision on Reliance Jio

The Supreme Court has ignored evidence of apparent forgery and auction-rigging while dismissing a petition seeking to quash the government's decision permitting Reliance Jio to provide voice telephone services over fourth-generation spectrum. The company, headed by India's richest man, has also failed to meet its roll-out obligations. The apex court should review its decision.

Power Tariff Scam Gets Bigger at ₹ 50,000 Crore

The dimension of the scam relating to inflation of power tariffs by, among other things, over-invoicing imported coal has become considerably bigger. It has now come to light that electricity generating companies are seeking to obtain compensatory tariffs from regulators. In addition, particular firms in the Adani and Essar Groups have allegedly over-invoiced imports of equipment. The total size of the scam is currently estimated at 50,000 crore, if not more.

 

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