Income from renting of properties is taxed at a flat rate of 10%.
'Modi has said he has been made the PM of India not to do small things but big things. What bigger thing can there be than to have peace with Pakistan and in the neighbourhood?'
'It appears that Prime Minister Modi has to undo 50 years of State monopoly in the defence sector during which public undertakings like HAL or DRDO monopolised defence production and development with disastrous consequences.'
'If one observes a common man passing a church or gurdwara or dargah, he instinctively bows his head. It is this prevalence of polytheism that has ensured that monotheists and minorities flourish in India. This may sound preposterous in wake of the recent communal clashes in Muzaffarnagar. But it must be understood that in a county of over one billion people that was at worst an aberration,' says Colonel Anil A Athale (retd).
The real estate sector is set to enter a progressive phase in 2015.
'We need to take steps towards ease of doing business.'
'The government has belied the hope that many harboured of change, efficiency and dismantling old practices as the defence ministry continues to pursue the same well trodden and wasteful path.'
On Election 2014: 'So far it looks like a one horse race. The difference between the first and the second challenger is so large that if the first one looks back in the last round, he'll probably not see the second one anywhere.' On the AAP prospects: 'They should be happy if they're able to open their account.' On Rahul Gandhi: 'He has a confused message. His campaign is in the abstract. And his campaign has nothing to offer.' Senior BJP leader Arun Jaitley in a free and frank conversation with Rediff.com's Sheela Bhatt.
'The Left's decline is now a reality, both nationally and in West Bengal.'Behind it lie: Ideological rigidity and confusion, outdated party programmes... a socially conservative upper-caste leadership,' says Praful Bidwai.
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