Tag: Reserve Bank

Wading into the Vodafone tax dispute debate, Reserve Bank Governor Raghuram Rajan today said the British telecom giant has not paid "a single naya paisa" as yet on the demands made on it, but this case always comes in when India talks about creating a predictable tax regime. In an interaction here at Chicago Booth School, Rajan said India is making serious efforts to become "a more friendly place to do business" and putting in place a predictable tax regime is part of those efforts. "One of the things that we have been working hard on is creating a predictable tax structure. But every time we talk about taxes, we get Vodafone sort of sort of flung back at us. "Remember Vodafone has yet to pay a single naya paisa on the demands that were levied on it. Thats going on. We have a structu...