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India Today
6 days ago
- Business
- India Today
Stop sudden tax demands: Raghuram Rajan on fixing India's business environment
Businesses hoping to ride the global supply chain wave are hitting an unexpected brick wall in India: surprise tax demands.'Stop having tax demands on business people which come out of the blue which vitiate all their operations for many years. I mean, have some control,' Rajan said in an interview with India Today unpredictable tax harassment is not just annoying, but a deal-breaker for the manufacturers and service providers India needs to attract if it wants to become the world's go-to alternative to China amid the post-pandemic reshuffle and US-China trade mean, this is something that even within the government you hear, sort of worries about this kind of tax demand coming, but the government needs to control its tax authorities,' Rajan PLAYING FIELD But it's not just tax demands. Rajan stresses the need for a level playing field where policies don't suddenly shift to favour national champions at the cost of foreign investors.'Nobody wants privileges but they want some certainty about policies,' he said, adding that easing rules for domestic firms and solving long-standing issues like land acquisition are vital too.'Of course, we also do need to do homework for domestic firms. Easier rules and regulations, more transparent as well as focus on things like land acquisition and so on which have often been a bugbear. But that said, we've made enormous improvements in infrastructure which I think will be helpful, uh, for whatever sets up in India,' he government must listen to businesses on the ground and act fast. Rajan pushes for ramping up reforms already underway, using technology to make compliance easier and to crack down on rogue bureaucrats. 'We need to do that effectively if we are going to make a difference,' he has the chance to become a global supply chain hub. But first, it must fix these fundamental business hurdles, especially the tax surprises that keep knocking down comRaghuram Rajan warns India's global supply chain dreams could crash before takeoff—unless it reins in rogue tax demands, ends policy flip-flops, and actually makes it easier to do businesspanies before they can even get started
India Today
18-05-2025
- Politics
- India Today
How 'Haldi Ghati' exercise helped India mobilise military rapidly for Op Sindoor
Several units of the Indian armed forces were undergoing a critical tri-service communications exercise named 'Haldi Ghati' between April 18 and April 22 when the deadly Pahalgam terror attack took place, killing 26 civilians, mostly tourists, sources told India Today exercise, held under the aegis of the Department of Military Affairs, sources said, played a crucial role in enabling the forces to quickly mobilise and launch Operation Sindoor, targeting terrorist infrastructures across Pakistan and Pakistan-Occupied-Kashmir (POK).advertisementThe exercise focused on establishing seamless communication and integration among the Army, Navy and Air Force. Chief of Defence Staff General Anil Chauhan, anticipating imminent hostilities, ensured the deployment of advanced communication systems and the consolidation of air defence assets into Joint Air Defence Centres in forward areas. As a result, when Operation Sindoor was launched, the tri-services were able to maintain real-time communication and monitor Pakistan's responses with clarity. Integrated radars and combined command-and-control systems provided defence headquarters with a comprehensive battlefield picture along the India-Pakistan border, facilitating swift and coordinated formations, trained extensively in future warfare techniques under the Department of Military Affairs, successfully countered drone attacks launched by Pakistan on the nights of May 7, 8 and 9, sources INDIA-PAKISTAN CONFLICTIndia launched Operation Sindoor with precision strikes on nine terror camps in the early hours of May 7, retaliating to the April 22 terror attack in Pahalgam. In the days that followed - May 8, 9 and 10 - Pakistan attempted strikes on Indian military however, hit back hard, delivering substantial damage to several critical Pakistani military assets, including airbases, radar sites, air defence systems and command the evening of May 10, Foreign Secretary Vikram Misri announced that both countries had agreed to an immediate halt to all military actions, across land, air and sea. IN THIS STORY#India-Pakistan#Operation Sindoor
