In case of India Government as their treasury is empty since pre Covid-19. Our GDP falling continuesly. Unfortunately our finance Ministery is having blindfold horses no out of box or novel ideas to increase their coffers and increase in business income, increase in consumer spending. Only trying to increase GST rates, indirect taxes. That was not enough reduced interest rates on savings.
This double taxation was brain child of FM.
They know those are doing business and having immovable assets in the country had no choice but to burn their pockets.
Due to very high competition and direct or indirect favorite owners of the company policy are framed.
That's why Crain was smart enough to sell all assets in India and now put Indian government in tight spot.
Vodafone has already won international arbitration over AGR . Government is challenging it.
But just to support their favorite business house.
But not realizing impact on international level.
Just for example the Airport operation contract was given to Adani. He changed name to Adani National/ International Airport. They got serious backlash in Maharashtra where vandalism took place and brought Adani name down. In Panjab Adani transportation hub to shutdown once for all.
That's the reason Kumar Manglam Birla with wisely put government in fix.
Their stand due to pandemic economy is in woods will be proven wrong. It will take may be years to bring economy on track.
Just try how many new big projects has taken place during 2 term of government.