Apart from fact that late @arunjaitley had said court/arbitration awards would be respected as solutions to the @INCIndia retro-tax, Cairn case was examined by govt on many occasions prior to late #PranabMukherjee's retro tax, and issue of tax dues never raised Image
Delhi HC ruled against this last year,but taxman said Swiss firm Xstrata’s arbitration award against Dalmia Bharat was a 'windfall gain', as in lotteries, betting etc Was taxman admitting enforcing arbitration awards in India is a matter of luck, a lottery? Image
Unfortunate that India has challenged @VodafoneGroup arbitration award.
Confirms India has no respect for global arbitration & that contracts have ZERO sanctity @narendramodi
And why did late @arunjaitley promise that he would go by what courts/tribunals ruled on the cases?
If @narendramodi supporters arguing this is about India's sovereign rights, how come there is NO global award India does not challenge?
Read the piece for the examples
financialexpress.com/opinion/govern…
The level to which all awards are challenged is truly frightening
Had @narendramodi not won in 2014 and 2019,would @BJP4India be cheering global awards against India in @VodafoneGroup @CairnEnergy as proof of @INCIndia's tax terrorism? Also, since Modi is on the same page as @RahulGandhi & Manmohan Singh, fair to say there was no UPA taxterror?

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More from @thesuniljain

23 Dec
MASSIVE WIN for @CairnEnergy though the markets seem to be confusing this with @CairnOilandGas which is a @VedantaLimited firm and had bought CairnEnergy's India business
Now to see if @narendramodi govt will pay $1.2bn damages
India's CREDIBILITY at stake
As in the @VodafoneGroup case, in the @CairnEnergy case too, the award was unanimous
that means even the arbitrator that the Indian government nominated voted against India
Apart from fact that late @arunjaitley had said court/arbitration awards would b respected as solutions 2 @INCIndia retro-tax, Cairn case was examined by govt on many occasions prior to late #PranabMukherjee's retro tax, and issue of tax dues never raised

financialexpress.com/opinion/govern…
Read 4 tweets
30 Nov
The @capt_amarinder @RahulGandhi farmer agitation is about politics,not farmer rights!
Punjab is HUGELY pampered--almost all wheat/rice brought to market is procured at MSP versus 10-20% for UP and even less for others.Yet, state agri GDP growth collapsing financialexpress.com/opinion/this-i…
.@narendramodi be fair to ALL states, DIVIDE annual FCI-spend equally
Why should Punjab get so much FCI money when UP or other states produce more?
This is not a farmers' agitation, it is a Punjab agitation, critical to @INCIndia survival
@capt_amarinder can be next Cong chief✋
.@capt_amarinder @INCIndia @RahulGandhi DELIBERATELY distorted @narendramodi farm laws to suggest MSP being abolished
If any violence takes place,the CM is to blame
Even by the standards of politicians, this is a new low
BTW, MSP is KILLING Punjab, look at water table, salinity
Read 15 tweets
27 Sep
Dear @nsitharaman @narendramodi, cesses are unfair to states as it deprives them of taxes @DrAmitMitra @SushilModi. Also, as CAG says, cesses are mostly misused since they are not used for what they were earmarked for.
Parliament should examine the issue financialexpress.com/opinion/cess-a…
.@pksahu9 has details of how much cess was diverted
Various @FinMinIndia secretaries must explain how this happened especially since CAG repeatedly reported this @nsitharaman @narendramodi
And y did other secretaries keep quiet when money was diverted?
#OilCess #TelecomFund etc Image
Put another way, had there been no cesses in the FY21 budget and these were replaced by taxes, based on the budget estimates, the states would have got Rs 1,25,000 crore extra @DrAmitMitra @SushilModi

@nsitharaman @narendramodi
Read 4 tweets
1 Sep
PM @narendramodi has to hope @VodafoneGroup doesn't meet any potential investors in India. It was first hit by the UPA's retrospective tax, and having invested $30bn, it is close to shutting down India business.
What a sad story for one of India's biggest FDI investors till date
SC hit @VodaIdea_NEWS but @RelJio4g won't have to pay Rs 13,000-cr & @airtelindia Rs 2,000-cr During hearing,SC said anyone who had got even a part of another telco's spectrum had to pay proportionate amount of AGR dues Now it says pay due only if ALL spectrum bought Zero logic🤬
This is how the future looks for @VodaIdea_NEWS. It may survive with a massive cash infusion by promoters or if there is an equally large tariff hike. Without this, if Voda Idea survives, it will be a weak player, always cash-strapped ... Image
Read 4 tweets
14 Aug
Whether @pbhushan1 should have said some judges are corrupt is one thing, but when some judges give suspicious judgments,what is the remedy SC suggests? Impeachment hardly ever works
SC & CJI need to think of implications of the sentencing & what it says about the judiciary
How does the UK deal with contempt cases? From @VC_NALSAR in @IndianExpress
SC displays an unusually thin skin in @pbhushan1 case, worried about two tweets when it has serious issues to deal with
#IGiveTwoTweets Image
No contempt notice to the Daily Mail for this Image
Read 4 tweets

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