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Alarm bells ring over British Columbia treaty override
Last fortnight, Vancouver, British Columbia hosted the annual International Fiscal Association (IFA) Congress with over 1000 international tax experts representing large MNCs, international tax experts, academicians and tax administrators of several jurisdictions. Expectedly, the buzz centered on India’s Direct taxes code. Most participants expressed anxiety on DTC provisions impacting cross border investments, particularly on General anti-avoidance rules (GAAR) and were perplexed with a position that the Indian domestic law can override a double tax treaty (DTT).

Only 30 per cent of industry plans to hire: Survey
Even as most analysts are saying the worst of the economic downturn is over, a survey by the PHD Chamber of Commerce reveals only 30 per cent of the respondents plan to increase their hiring activity.

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Kalpataru Power declines despite bagging orders
Kalpataru Power Transmission closed at Rs 1151, weaker by Rs 19 or 1.64%, on the BSE.
Small Business

NHAI to employ safety experts, audit on site

As part of its institutional strengthening exercise, National Highways Authority of India (NHAI) is, for the first time, empanelling safety experts. The authority is also planning to form a safety cell and issue safety guidelines. - Will the new track record norms hurt infrastructure? - Vinayak Chatterjee: Country roads, take me home">Vinayak Chatterjee: Country roads, take me home - Bidding process for Trans-Arunachal highway complete - Building entrepreneurs - NHAI flout SC order alleges animal welfare organisation - Govt stiffens terms for large road projects These experts, to be empanelled by the end of next month, will undertake inspections of accident sites, do safety audits, prepare road safety strategy/manuals/guidelines, impart training in safety aspects and undertake procurement of safety-related projects. Currently, there are no safety experts at any of the road construction sites and supervision consultants look after the safety aspect at the sites. NHAI has invited applications from civil engineers with 20 years experience in highways, traffic & transportation, of which at least three years should have been in road safety and/or safety audit-related work. The applications must be in by September 7. “We plan to empanel 12 safety experts. The process for which is on and results for which will come by September-end,” said a senior official. For Build, Operate and Transfer (toll) projects, the new model concession agreement makes it mandatory for the concessionaires to appoint safety consultants for their projects. “We are planning to form a safety cell in the authority to overlook all the safety aspects at the sites. We also plan to come up with safety guidelines to be followed at the road construction sites and on the roads. The work on this is at a very conceptual stage,” said the official. According to a 2007 survey, the number of accidents reported on national highways across India was 1,38,922 in a year. The number of deaths reported due to these accidents was 40,612 and the number injured was 1,54,880. Around 40 per cent of deaths reported on Indian roads are on the national highways.


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