Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
The BJP is still short of the halfway mark of 123 in the 245-member House, but can now muster a 'working' majority with help of allies, friendly parties, some Independents and nominated members.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
The rapprochement could open the door to an anti-saffron alliance for the 2019 general elections, reports Archis Mohan.
BJP strategists know it may not repeat its 2014 performance in its traditionally strong bases in the north and the west. This is where the success in the north east and east is so important.
Upgradation to the new product (from Infosys) will stabilise by this month-end
'We will have a big say in Delhi in 2018 or 2019 (whenever the elections are) in the Lok Sabha.'
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
The existing double taxation avoidance agreements will not be covered by the proposed change, implying that in order to tax Facebook, Google and the like, India will require to renegotiate tax treaties.
Rahul Gandhi stressed the importance of an electoral understanding in UP if the BJP is to be defeated in the Lok Sabha polls.
The BJP leadership believes these parties are flexing their muscles in the run-up to the Lok Sabha polls for better seat-sharing deals.
Yechury has dropped enough hints that a fight is in the offing at the Hyderabad conclave in April, where any member may move an amendment to the draft on the party's electoral line. Archis Mohan reports.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
Budget forces last minute change in finance minister's plans.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
7 million jobs will be created in formal sector in FY18
Prime Minister Narendra Modi will be reciprocating the reception he received from the Israeli PM during his visit last July, report Archis Mohan & PTI.
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