In The News | Dr N S Nigam
August 9, 2021
NLSIU Registrar Dr N S Nigam, NLS ‘LLB 97, was recently quoted in the Financial Times article titled: “India moves to scrap retrospective tax.”
The article revolves around India’s big step towards repairing its damaged image as an investment destination by moving to scrap a retrospective tax that ensnared multinationals such as Cairn Energy and Vodafone. The Central government on Thursday introduced a bill in parliament to rescind a 2012 tax code provision that had allowed New Delhi to impose retrospective taxes on some foreign investments. Dr Nigam voiced his support, stating that this move sends the right signal to investors.
To read the full article, click here.