WHY Zero-based budgeting (ZBB) has got a new life in the corporate world? Why the Governments across the world largely remain disinterested in retrying ZBB? And why Governments don't subject colossal tax expenditures/incentives to ZBB? Can re-conceived ZBB be perceived as sustainable growth mantra in the age of unforeseen disruptions?

RECENTLY, the Delhi High Court has rendered an important decision [2018-TII-33-HC-DEL-INTL] covering a number of issues involving the controversial Bilateral Investment Protection Agreements (BIPA) that India and other developing countries had entered into for attracting foreign investment.

In the case before the Delhi High Court, initially, a Dutch subsidiary of the