He assured the startups that both the banking system and the government will make the resources available to them
Congress members also vociferously pressed for a discussion on the Comptroller and Auditor General report.
The TDP supremo said he had not contacted any party yet but given the 'TDP's credibility' they were supporting the no-trust motion.
The GST to be implemented from April 1, 2016, will increase the premiums.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
This will violate the time-honoured convention that a government elected for a five-year tenure presents only five full Budgets, but the NDA government will no doubt present it as yet another initiative of Mr Modi.
The levy has also been removed on low cost houses up to a carpet area of 60 square metres in a housing project under any housing scheme of the state government.
Jaitley assured that both the banking system and the government will make the resources available to them.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
Another MLA Rekha Arya, who was also supposed to join the BJP on Wednesday, is visiting the Simhasth Kumbh in Ujjain, but has sent her acceptance to the party.
In a stern warning to service tax evaders, the government asked them to either pay their dues by tomorrow or face penal action which could include arrest and prosecution.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
With the Communist Party of India-Marxist-led Left Democratic Front Opposition continuing its stir against Finance Minister K M Mani, facing bribery charges in bar scam, the Kerala assembly on Monday adjourned sine die on a stormy note after passing the finance and appropriation bills without a discussion.
The move will likely attract more retail investors.
GST rates would depend upon whether the commodity is used by a rich person or a common man
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
Opposition does not stall legislative agenda; Upper House passes two bills.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
When powers vested by the Finance Bill 2017 begin to get mildly used, fellow Indians living in the corporate bubble will get a faint whiff of what life can be like when you run a grocery store in the streets of Kashmir or the North East.
The Supreme Court on Wednesday put a poser as to why there was no objection from lawmakers on the government's decision to make Aadhaar mandatory for making PAN cards, a move which was given effect by the latest budget from July 1.
States are apprehensive of losing their rights to raise revenue during emergencies.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Sources said that the Congress was working to move the motion on Wednesday and is in the process of filing a notice in this regard.
The exemption from MAT does not apply retroactively.
The civil services examination will be held as per schedule on August 24, the government declared on Thursday in Parliament, while saying that consultations will be held with various parties and stakeholders on the matter after the current session.
Under the scheme coming into effect from April 1, 2018, a donor could purchase bonds from authorised banks against cheques or digital payments. These would be redeemed only in the designated account of a registered political party.
Revenue from service tax, which has become a new focus area for Finance Ministry, has grown up substantially by over 300 times in past about two decades.
Nine Congress MLAs, most of them Bahuguna loyalists, rebelled against Harish Rawat and supported BJP's claim to form a government.
The winter session of Parliament is set to be stormy with Opposition parties closing ranks to target the government on issues including 'intolerance' even as the ruling dispensation expressed its readiness to discuss all issues.
The FM has been making efforts to make the taxation laws simpler.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
There will be higher charges for bank account-holders.
'According to the government's Economic Survey, the Indian state's generosity is not restricted to its poorest citizens. In fact, in many cases, the beneficiaries are disproportionately the well-off.'
Nitish Kumar has said the only remarkable thing during the period was that prime minister has more selfies than all his cabinet colleagues put together.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
There will be a review of employee compensation arrangement in the light of the new rules.
Structural changes to government finances could be focus of the Union Budget, says Mihir S Sharma.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
The new tax regime proposed by the Modi government may not have acceptance from all corners.
The Centre needs to have dialogue with the Opposition instead of letting politics come in the way; it needs to stoop to conquer, says Aditi Phadnis.
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