Increasing the duties on auto parts and putting an additional cess on petrol and diesel could drive up costs of vehicles, specially where volumes are low and localisation is not viable.
With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
A memorandum, signed by the chief ministers or finance ministers of Andhra Pradesh, Puducherry, Karnataka, Delhi, West Bengal, Kerala and Punjab, said the terms were disruptive and a cause for concern.
Shivakumar, arrested on September 3 by the ED in money laundering case, was produced before the court Tuesday on the expiry of his custodial interrogation.
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
Traders said the current demand is backed by government-funded projects which usually come up in the months before the election and the pace may slow down after the election, pushing the growth back to the previous levels.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
The apparent BJP move to accept Kanda's support was slammed by the opposition Congress and BJP leader Uma Bharti, who recalled the row in which the politician was involved when as a minister in Haryana's Congress government in 2012.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
Former Chhattisgarh Chief Minister and senior Congress leader Ajit Jogi on Monday made a formal announcement to float a new political outfit.
To make its voice more credible and impactful, the Congress must articulate its alternative agenda for reforms, economic growth and a more inclusive political discourse.
The Bangladeshi prime minister said that India's sudden decision to stop onion exports has led to a bit of difficulty for her countrymen.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
'If India is to emerge as a superpower, we must utilise our huge agricultural potential and not, as in past centuries, merely exploit our farmers,' says Colonel Anil A Athale (retd).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Centre set up a political tug of war with opposition parties which have planned to observe it as a 'black day'
In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
The government can seek details from sellers such as sources of funds while buying.
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
The party is set to rule the state for the sixth term.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
'The government has given up its focus on economic growth because it it not something Modi has been able to fully understand.' 'This explains the extraordinary focus on divisive politics by the BJP even at a time when the world's most important man in visiting India,' notes Aakar Patel.
Noted jurist Ram Jethmalani on Tuesday accused in the Supreme Court the National Democratic Alliance government and the previous United Progressive Alliance dispensation of failure to bring back black money stashed abroad and criticised leaders including Prime Minister Narendra Modi, Bharatiya Janata Party President Amit Shah and Finance Minister Arun Jaitley on the issue.
Bharatiya Janta Party's prime ministerial candidate Narendra Modi's 'Hoonkar Rally' in Patna on October 27 has come under the scanner of the income tax department in Bihar, officials said on Thursday.
The total wealth of top 100 real estate barons accounted for Rs 2.37 trillion ($32.7 billion) in 2018, up 27 per cent against 2017's cumulative wealth of Rs 1.87 trillion ($28.6 billion).
Govt steps up security to check criminals seeking bank details of taxpayers
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
It looked as if the BJP was hoping to use Rajinikanth to press their seat-bargain with the AIADMK. Now with the Rajini bait gone, the question now is not how much the BJP would settle for, but how much the AIADMK would be ready to offer, notes N Sathiya Moorthy.
'With the Election Commission wisening up to the practice, which strikes at the very root of electoral democracy, the practitioners of cash for votes have been getting more and more ingenious,' points out Saisuresh Sivaswamy.
Around 300 promoters serve their company boards for free.
The government propagandists should refrain from premature celebrations and misplaced euphoria: Congress.
'No right thinking student of politics can name one state where the BJP gains in double digits.'
Any NGO critical of the government is unlikely to receive a green signal. The new amendment will leave NGOs vulnerable to harassment. It was the NGO sector that helped provide compassion and food to millions of people during the lockdown. The new Bill will render such cooperation and camaraderie impossible in future, observes Rashme Sehgal.
Elections will also be held in 35 assembly constituencies in Odisha.
If the BJP falls sizeably short of the 115 mark -- the seats it won in 2012 -- it will be hard to deny the party hasn't suffered a telling reverse.
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