Subsidiaries Quotes
With the safeguards we have proposed... subsidiaries and affiliates are absolutely identical with respect to the ability of a bank to transfer any subsidy that may exist in the bank.
- Robert Rubin
Though we have taken up the issue with the finance ministry a number of times, the issue is still hanging fire. The parent firms want a clarification on computing export profits generated by their Indian subsidiaries or vendors, as such a burden puts them at a disadvantage over other companies in the industry.
- Kiran Karnik
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