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Articles by Anil Kr Garg

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So, how do we solve our problems in India

  Anil Kr Garg   25 February 2014 at 16:28

Every 6th person in the world is an Indian. We are blessed with ancient civilization. History tells us that we have never been expansionists and have never attacked other countries. We have been happy to live within our borders and yet, we are affli ..

Posted in Others  1 comments |   947 Views

High Time Bureaucracy is replaced with professionals

  Anil Kr Garg   05 February 2014 at 12:33

India is a rich country inhabited by poor. India is rich because it is blessed with massive natural resources. For instance: 1) We are the 7th largest country in the world 2) We have 8129 kms long coastline giving us massive sea resources (fi ..

Posted in Others  6 comments |   3239 Views

Agriculture is a proof of monumental mismanagement in India

  Anil Kr Garg   03 February 2014 at 13:12

Agriculture has been a major source of living for majority of Indians, traditionally. It is believed that about 70% people are engaged in agriculture which contributes only 15% of our GDP. By itself, this is a proof of extreme inefficiency of this s ..

Posted in Others  7 comments |   1971 Views

Idea to replace all taxes with Banking Transaction Tax

  Anil Kr Garg   20 January 2014 at 11:30

In prelude to General Elections, several radical ideas are being circulated. Baba Ramdev is believed to have propounded this idea, supported by Gadkari and finally, endorsed by Modi, though they have not committed to it as yet. Let us examine the me ..

Posted in Taxation  4 comments |   2907 Views

Black Money Minus Corruption is Benign: Counter Point

  Anil Kr Garg   20 January 2014 at 11:30

Suddenly, it has become fashionable in India to talk about black money and behave as if it is the root cause of all problems and we all will become prosperous no sooner black money is put to tax net within the control of our dear government which ha ..

Posted in Taxation  1 comments |   1710 Views

Citizen's Charter is incomplete without Business Services

  Anil Kr Garg   07 January 2014 at 13:04

It is heartening to listen to Mr. Kejriwals speech in Delhi Assembly during vote of confidence. He has rightly mentioned that Citizens Charter is an integral part of anti-corruption measures. A government official is likely to stop doi ..

Posted in Corporate Law |   1488 Views

Stability of Laws is not undesirable

  Anil Kr Garg   02 January 2014 at 13:30

If there were to an international survey on stability of tax laws or the absence of it, India should undoubtedly be at the top in absence of it. Governments, both state and centre, work overtime to churn out amendments and new circulars/notification ..

Posted in Constitutional Law  1 comments |   1403 Views

Inflation can indeed be brought down

  Anil Kr Garg   31 December 2013 at 13:16

Ever rising food prices have been hurting everybody in India for last several years, taking sheen out of otherwise spectacular economic growth so much that darling of the world recently during President Obamas visit a few years ago has become ..

Posted in Corporate Law  2 comments |   1425 Views

Urgently required Legal Reforms

  Anil Kr Garg   26 November 2013 at 12:27

India ranks at bottom of the world in contract enforceability which reflects on our legal system. Democracy is all but failure where public is forced to choose between devil and a deep sea (Congress and BJP for instance) while honest people are pers ..

Posted in Others  9 comments |   2572 Views

Banks Violating RBI Directives to Extract More Interest from Floating Rate Borrowers

  Anil Kr Garg   07 August 2011 at 12:17

It is a very common perception with borrowers of private banks like HDFC and ICICI that they are prompt in increasing their BPLR (Benchmark Prime Lending Rate) every-time RBI increases its Repo Rate but not so prompt in timing and magnitude wh ..

Posted in Corporate Law |   3542 Views