What is the difference between “Developing” nation and “Developed” nation. In layman’s language, “developed” nation are such nations, which has attained development and better living standards for her people in the areas of education, healthcare, better life expectancy & better infrastructure. Whereas “developing” nations are still in the process to provide these things to her people or in the process to improve on these parameters. Again in case of developed nation, the government machinery has the role to play only to maintain the existing infrastructure and systems. Therefore, the government spending is to more towards maintenance activities. Whereas in case of developing nations, the government spending are more on capital outlays and also towards maintenance activity.
India has witnessed some interesting transfer pricing developments in the past 12 months. A major controversy around 'Issue of shares' - whether an international transaction was covered under India’s transfer pricing regulations - has finally been settled. The government has decided to accept the Mumbai High Court decision in favor of the taxpayer.
Gujarat-based investment bankers are receiving a rising number of enquires from small conservative businesses now willing to sell stakes to private equity funds and raise capital at a time when bank loans are either too costly or difficult to get.