Trump had scrapped the Deferred Action for Childhood Arrivals programme earlier this month which protect some 800,000 people who came to the US illegally as children.
Finance Minister Arun Jaitley will pitch for quota and governance reforms in the annual meeting of the International Monetary Fund.
'The IAS officers are after the rich people, the IRS officers are after the middle class and the IPS officers are after the poor. This is the new varnashrama created by the bureaucracy.'
The 30-share BSE index reclaimed the 30,000-mark to trade at a new record high of 30,071.61 by surging 128.37 points, or 0.42 per cent. This surpassed the previous record high of 30,024.74 (intra-day) that the Sensex touched on March 4, 2015.
Terming Kelkar panel's proposals as "radical", Finance Minister P Chidambaram on Saturday said a comprehensive tax reform will be implemented in the next Budget after a consensus from all sections.
ICRIER has suggested that the government hasten tax reforms by lowering peak customs duties to ensure export competitiveness of domestic industry.
The party says it has trained over 1,00,000 workers in the last one year.
"Tax exemptions granted to dedicated export units located in EPZs, SEZs and EoUs should continue up to 2010."
Indian market probably has more headroom than the US, says Geoff Lewis, senior strategist for Asia, Manulife Asset Management.
Besides Vodafone, several other major MNCs like Nokia and Shell were locked in tax dispute with the revenue department.
"In rural India, even minimal infrastructural facilities are not available for farmers. It is unthinkable to impose a tax on agricultural income, says Rajnath Singh
Stung by widespread criticism within the ruling Bharatiya Janata Party, Kelkar Committee on tax reforms is expected to submit watered down final reports on direct tax and indirect taxe
Planning Commission, on Thursday, expressed reservations on Kelkar Committee proposal to bring processed foods under excise duty net saying it will badly affect growth in the sector.
The Goods and Services Tax Bill was passed by the Lok Sabha in May.
The government last year introduced the Insolvency and Bankruptcy Code.
Vijay Kelkar panel on tax reforms on Friday proposed doubling of the tax exemption limit on personal incomes to Rs 1,00,000.
Tax administration could be improved to reduce discretion and improve accountability
On Wednesday, the rupee had dropped by 26 paise.
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
The Rupee is seen weakening further against the dollar.
The government was hoping to roll out the GST regime from April 2016.
Parliamentary Affairs Minister Ananth Kumar has already held telephonic talks with leader of the opposition in the Upper House Ghulam Nabi Azad.
Vijay Kelkar, advisor to the finance minister, on Friday submitted the final reports on direct and indirect taxes to Finance Minister Jaswant Singh.
Though FDI inflow has been on the rise in the past three years, it is mostly on account of services
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
From filing 37 returns a year when the Goods and Sales Tax was first introduced in July last year, the process has undergone major changes as the GST Council considered and implemented various models to ease the pain for assessees. Here's a recap of how the process has changed in 10 months.
For the second straight week, the Sensex rose, notching up a significant gain of 528.34 points, or 1.59 per cent. The Nifty was up 129.45 points, or 1.25 per cent, during the week.
To shed more light on how GST will affect the individual as well as the nation, Rediff Chat has lined up experts to field your queries.
The old India was economically fragmented. New India will create one tax, one market, one nation, said Jaitley.
Professional ballet dancer Misty Copeland, and wrestler turned-actor Dwayne 'The Rock' Johnson joined National Basketball Association star Stephen Curry in opposing comments made by the chief executive of their sponsor Under Armour supporting US President Donald Trump.
Fiscal deficit, the gap between government's expenditure and revenue, stood at 4.5 per cent in FY14, lower than 4.9 per cent in FY13.
The Constitution amendment bill for roll-out of GST is pending in Rajya Sabha for a long time.
United States President Trump has been nominated along side his arch nemesis dictator Kim Jong-un.
Early GST rollout to help create more jobs, boost output, says IMF.
After tabling the Survey, Jaitley told reporters that fiscal deficit for the current year will be 4.5 per cent which needs to go down further in the next two years.
The previous United Progressive Alliance government had undertaken some decisions, like introduction of retrospective tax amendments and GAAR, which had dented investor sentiments.
