And last week the government moved to overrule the Supreme Court and change the tax code to tax foreign takeovers retroactively, not least Vodafone's purchase of its Indian arm.

ECONOMIST: India��s economy

Last month, opposition peers backed a move to ensure the panel's City Code on mergers and takeovers would provide a "safe harbour" for people accused by the FSA of market abuse.

BBC: Row over finance watchdog shake-up

Through a quirk in the tax code, the federal government subsidizes leveraged takeovers.

FORBES: Magazine Article