While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
In 2015, the Reserve Bank of India cut interest rates by 125 basis points to 6.75 per cent.
While number of commitments inched up in 2015, its value slipped 23% to 11-year low.
FinMin officials say an announcement could be made in the Budget.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
In the past 18 months, the department of revenue intelligence has seized 50 containers of cigarettes, valued at nearly Rs 200 crore
Changes in threshold not to have a significant revenue impact, say officials
The Lok Sabha has already passed the Bill.
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
US retail major is in talks with Flipkart, Snapdeal, ShopClues and Grofers for partnership.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
The scheme is yet to take off.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
This would include state capitals and 53 cities with a population of 10 lakh each.
The states will be asked to tap the Centre's JAM trinity.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances