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Is Darjeeling Tea Losing its Fizz?

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea. IMAGE: A worker......

Tea planters' cup of woes is spilling over

The tea industry, hit by rising costs, falling prices and political unrest in the North Bengal plantations, is especially vulnerable to the COVID-19 lockdown. Boutique teas from Darjeeling, the......

India gives relief to foreign investors on MAT issue

India has waived retrospective imposition of a controversial minimum alternative tax (MAT) affecting foreign funds, Finance Minister Arun Jaitley said on Tuesday, in a move that could resolve a......

Foreign investors jittery over taxes in India, Modi must act fast

Investors have acquired and sold shares based upon share prices reflecting the understanding that the funds had no Indian tax exposure for portfolio securities sold after being held for the......

How India bungled on foreign investor tax row

Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion The finance ministry could have sidestepped a damaging multibillion-dollar tax......

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