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.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
Upgradation to the new product (from Infosys) will stabilise by this month-end
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
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.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
'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
While the concerned property may be confiscated, a person indulging in such a transaction is liable to pay a fine up to 25 per cent of fair market value of the property
On the basis of Budget projections, the Centre needs Rs 7.3 trillion revenue during December-March and its expenditure must be limited to Rs 6.7 trillion.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
With recent rate cuts, November collections could be even less
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
India serves as the company's R&D hub as it morphs into a health tech major.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08
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