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
Centre, states to share the amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020
Workers moving out of agriculture to the rural labour force were largely getting absorbed in construction activities
'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
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Agriculturally important UP, MP, Haryana, Maharashtra, and Punjab received 20-30% shortfall in rain
P P Chaudhary the newly-appointed minister of state for corporate affairs, is monitoring and coordinating actions against shell companies.
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
The ease of doing business has not picked up in a vast number of states and Union Territories.
Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up
DroughtThe Centre is expected to discuss issues related to drought management and also review the progress of major central schemes like soil health cards, irrigation programmes
The theme of the reshuffle is to fulfill Modi's earlier promise of 'maximum governance, minimum government.' Some key ministries are likely to be merged.
Tamil Nadu, the best-performing state, managed to do this in 63 days. Land allotment took 156 days nationally and 28 days in Himachal Pradesh. Environmental approval took 91 days nationally and 25 days in Chhattisgarh.
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