A rock and a hard place

Thanks to Parathasarathi Shome, the government may just have managed to exorcise a large part of the Pranab Mukherjee overhang, at least the part about the bad taxes—the amazingly poor budget arithmetic that will continue to give his successor P Chidambaram sleepless nights, of course, is another thing. So, if all goes to plan, after the mandatory consultation phase on the draft Shome report, we’ll see an end to the Vodafone persecution which got so nasty that the finance secretary was briefing journalists on how Vodafone knew about the tax liability and used this to get Hutch to sell at a lower price.

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