It’s crunch time for Anil Agarwal
The government’s opposition to Hindustan Zinc’s plan to buy Vedanta Ltd’s global zinc assets for $2.9 billion could jeopardize the conglomerate’s efforts to trim its debt.
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The government has so far not offered an explanation for stopping the publication of monthly data on the indirect levy. Its timing raises questions.
Do too few Indians pay tax?
Angst over the small number of taxpayers does not account for the reality of ‘everyone pays GST’. Moreover, the facts clearly show that the income tax base is wide enough and growing.
Who after Anil Agarwal?
So far it seems unlikely that the billionaire’s two children are interested in the business. The lack of a clear succession plan brings even greater urgency to Vedanta’s restructuring exercise.