Over the last two years, despite an amnesty scheme, only about Rs 2,500 crore of taxes have been recovered.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
In new year message, Sikka warns staff of automation, Premji talks of Wipro's core values
NRIs are increasingly buying properties in India online.
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Stating that there are strong inter-linkages between banks, NBFCs and other deposit-taking entities, he said for monetary policy to be effective and financial markets to remain stable, they should be regulated by the central bank.
'The toughest challenge is not to satisfy the luxury customer.' 'The toughest challenge is to satisfy the budget customer.'
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The markets are in meltdown. Time then to turn to the Master Investor for advice and guidance. Yefei Lu explains how Warren Buffet's investment strategy includes everything from how to look at risk versus reward to how to think about portfolio concentration.
An individual might not be able to put together the data and number-crunching resources that institutional traders employ.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
Manish Sabharwal tackles 5 criticisms of demonetisation.
Fiscal consolidation is keenly awaited.
India's macroeconomic environment is improving, but it is still not past the point where it can ignore the developments in the global markets
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
A government panel on Net neutrality has proposed to regulate domestic calls made using Internet-based calling applications such as Skype, WhatsApp and Viber at par with phone call services offered by telecom operators.
The industry's reactions to the Budget have been mixed.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
The market could consistently undervalue a certain kind of business.
Inter-ministerial programmes have run into obstacles as rules written by bureaucrats hamper rather than promote investments.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
By November-December 2014, investors should also look at debt funds.
The RBI recently met with a handful of foreign banks and asked them to stop acting as market-makers for rupee NDFs, according to three bankers involved in the discussions.
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
The company brings its global campaign to India, looks for trust and a way to grow its business in the country
The completely avoidable mess that the finance ministry found itself in was rather surprising, says Debashis Basu.
What India should not do is take the path China took at one stage to become the world's foremost cheap factory, says Subir Roy.
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
Monetary policy stance to depend on inflation data
It is expected growth will primarily be driven by continued demand from the US, a revival in the European market, especially continental Europe, and increased momentum in the adoption of new technologies.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
'The focus is more on the outlook for global growth'.
India needs 1.4 million hotel beds a night but has only 2.4 lakh, points out Rahul Pandit, MD and CEO of Ginger Hotels.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
The new economic affairs secretary believes that doing more of the same cannot help; you must do things differently.
Tendering the shares in an open offer will lead to higher taxation.
The real issue in India is not between Make or Made/Create in India or basic or applied research. We need both. The solution is to create an eco-system where new ideas can flourish and convert themselves into new technologies and products, says Colonel Anil A Athale (retd).
