Best of BS Opinion: Avoid arbitrary regulation, China's border games & more

 

After spending nine years trying to defend an indefensible taxation law, the government has introduced a Bill in the Lok Sabha to reduce the chances of retrospective tax demands by the authorities.

This is a welcome act and should have been done much earlier, avoiding the humiliations that India has faced in international arbitrations challenging tax demands made under the retrospective clause. The next step, says the top edit, is for the government to be generous in its settlements with the companies that have been affected by an action that it accepts has been counter-productive for India’s development. 

In other views today:

Ajai Shukla takes stock of China’s strategic moves along the borders in Ladakh and Arunachal Pradesh. 

Rathin Roy identifies five ways in which the Covid-19 pandemic has irrevocably changed the world as we know it.

The second edit says the Reserve Bank of India has offered no clear reason for its attempt to control and reduce the number of current accounts in the Indian banking system. 

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