February 26, 2004 |
SAB Miller, one of the biggest beer brewers globally, are looking to an increasing presence in India through their 50:50 JV with Shaw Wallace. SAB's global CEO Graham Mackay speaks to M K Venu on his experience in introducing the Castle Lager brand in India. Excerpts: Are you happy with the progress you have made in terms of market penetration in India so far? We are satisfied because we have a 36% share of the beer market through our joint venture with Shaw Wallace.
May 18, 2012 |
KUALA LAMPUR: Malaysia, the world's second-largest palm oil producer, needs to reform the industry's tax structure to counter new rates in Indonesia that improved the competitiveness of refiners there, according to a trade group. Without changes to create a so-called level-playing field, there will be "a slow death of the refining industry when the independent refiners move away," said Mohammad Jaaffar Ahmad, chief executive of the Palm Oil Refiners...
January 17, 2012 |
Is Indian tax policy oblivious to the global trend for larger and larger numbers of individuals and companies to give away larger and larger amounts for promotion of social welfare? Yes, cry recipients of such donations in India. A tax waiver available to donors and the recipients of their donations was done away with in 2008, in the case of recipients that carried out commercial activity with net income in excess of Rs 10 lakh a year (the amount becomes Rs...
February 28, 2013 |
NEW DELHI: Finance minister P Chidambaram's tax policy changes aim to reverse the tax-GDP ratio that has dropped to an all time low. This is the right thing to do as the government needs money to spend on welfare programmes. He has sought to raise revenues without tinkering with the basic tax structure. And that is sensible. So, he has proposed a surchage on the super rich -- those with a yearly income of over Rs 1 crore and also raised the surcharge on domestic...
May 12, 2009 |
NEW DELHI: As the world economy seeks firm footing amid the first global recession since World War II, more and more countries are turning to discretionary fiscal stimulus to boost overall demand and restart the flow of credit to companies. And, while spending measures have received more mainstream attention over the last few months, tax measures actually represent 56% of the net effect of fiscal stimulus, according to a recent OECD report. ...