India bows to investor pressure and postpones for a year rules which would have allowed tax...
India bows to investor pressure and postpones for a year rules which would have allowed tax authorities to pore over any business deal they thought was structured to avoid taxes (pretty much all of them). Additionally, the onus will be on the government to prove wrongdoing, instead of on companies to prove their innocence. The Sensex reverses an early decline to close +0.5%.
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