Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: Central Excise rule to resale the machines to a new company
 
 
Indirect Tax »
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST
 Keep indirect taxes 'low, affordable' under GST

Make it easier to do business & mend tax system, says NRN Murthy
January, 17th 2015

India has to improve the ease of doing business for entrepreneurs and industrialists and reform the tax system to spur the creation of jobs, Infosys co-founder NR Narayana Murthy said at the Economic Times Global Business Summit.

"We have to understand that the only way we can solve the problem of poverty is through the creations of jobs by entrepreneurs and industrialists, both Indian and foreign," said Murthy, who unexpectedly stepped down as chairman of Infosys in June just a year into his comeback, Along with reducing friction for business, he said the government has to collect as much tax as possible by introducing a system that is easy to understand, easy to comply with, corruption-free and is based on rules that are fair.

"It has to be a tax system based on rules that cannot be changed on a retrospective basis. That is sheer suicide for the country," he said, referring to disputes with companies such as Vodafone and Shell after the previous government changed tax rules retrospectively and in the bargain hurt India's reputation as an investment destination.

Murthy said Prime Minister Narendra Modi has addressed the basic problem of creating prosperity which is about reducing friction in doing business. "We had gone to sleep for a long time and just awoke. A sleepy mind takes time to wake up --we are seeing signs of country awakening." Murthy also emphasised the need to focus on higher education. "Skills are very, very important.

The future of this country depends on us improving our higher education systems and creating a platform for the exchange of views," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions