Two steps forward

Govt does well to settle tax & corporate cases quicker

An important contributor to the difficulty of doing business in India is the complexity, arbitrariness and length involved in resolving disputes with the government. At long last, however, some changes seem to be being made in this respect. For one, changes are being planned to the Companies Act of 2013 following the institution of a 10-member committee by the Union Ministry of Corporate Affairs. It is now reported that 90 per cent of the offences specified in the Act might be settled by the payment of a simple fine, avoiding the need for court proceedings. At present more than 40,000