Short Note: Switzerland Finding India’s Data Security Law Adequate

What does it mean when Switzerland finds data security and confidentiality laws of India adequate for entering into an automatic exchange of information pact? What things would follow? Switzerland recently through a notification declared the finding that the security and confidentiality laws of India are adequate to enter into Automatic Exchange of Information pact or […]

Base Erosion and Profit Sharing (BEPS)

Base Erosion and Profit Sharing (BEPS) has emerged as one of the most important challenges for the governments across the world today. The globalization, privatization and liberalization has resulted into free movement of capital and labour, shift of manufacturing base from high cost to low cost locations, gradual removal of the trade barriers and rise […]

Principles of Budgeting

There are a few principles followed in budget preparation exercise. These are as follows: Principle of Annuality This implies that a budget is prepared every year on annual basis. One year is considered ideal period for budget because it’s an optimum period for which the legislature can afford to give financial authority to the executive. […]