Publication and Research, IIPM

Both have sent notices to the Union Finance Ministry. The two Madras High Court orders are not isolated cases. There have been reports of people filing petitions in courts all over the country. Alarmed by the spate of these court cases, the Finance Ministry is planning to send the whole issue to the Supreme Court for a clear direction on the validity
of FBT.


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Source- IIPM Editorial, 2006

Publication and Research, IIPM

Take SOX to start. Without doubt, SOX was necessary. Investors desperately needed to see that the US government was committed to keeping American business clean and fair. SOX did that, and that was great. But any law that passes the US Senate by a vote of 99-0 has to be excessive – and SOX was.

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Source:- IIPM Editorial, 2006

Why the Indian government is clamoring... IIPM Press

The one obvious reason why the Indian government, along with RBI, is clamoring to support various consolidation moves, is to prepare the banking industry in facing impending competition from foreign players post 2009. India needs world class banks in terms of assets, but the hard reality is that even after combining the profitability figures of the top ten Indian banks, one would still not be able to make it to the list of the global top 50 banks.

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Source:- IIPM Editorial, 2006