Obama to push for expansion of Foreign Account Tax Compliance Act.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
'Being authoritative is one thing -- Nehru was that -- but being authoritarian is quite another -- the current prime minister is clearly one.'
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
India has been a core portfolio holding for emerging market funds.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."
States are apprehensive of losing their rights to raise revenue during emergencies.
Experts share their views on the steps that will help businesses become GST-ready.
Fiscal consolidation is keenly awaited.
Government on Thursday accused Congress of being "irresponsible" for not allowing Home Minister Rajnath Singh to make a statement in Rajya Sabbha on the Gurdaspur terrorist attack, which it said had originated from Pakistan.
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
'If I had to highlight one area that will do well, it is the financial assets -- that is the private sector banks, insurance and mutual funds.'
The challenge of achieving fiscal deficit targets for the next two years seems daunting.
The 'surgical strikes' by India have made the army in Pakistan look unprepared. To prove itself the army will need to hit back: It could be in Kashmir or outside
A total of 16 bills, including the GST Bill, Lokpal (Amendment) Bill, Factories (Amendment) Bill and the Anti-Hijacking Bill are pending in Parliament -- five in Lok Sabha and 11 in the Rajya Sabha.
Modi may bet on old faces and new to boost reforms
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Budget is widely seen as a test of Prime Minister Narendra Modi.
From Swachh Bharat to spearheading the Make in India campaign, the PMO seems to be at the centre of all policies, writes Nivedita Mookerji.
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Cabinet likely to pave way for the 'super-rich' tax today.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
How does the country's civilian government reclaim legitimacy after the names of many Pakistanis, including the family members of PM Nawaz Sharif, figured in the leaked documents.
'As the interest rates rise, people are going to say why should I be taking big risks when I can get 4 to 5 per cent in a bank account.' 'So, I think you have to change your thinking.' 'You need to look at the balance sheet, look at dividends.' 'These issues that have been ignored.'
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
'China was the elephant in the Oval Office and Trump would have sensed that Modi's foreign policy architecture has become disoriented sans the US' pivot to Asia,' points out Ambassador M K Bhadrakumar.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
The remarkable feature of those reforms unveiled in 1991 is that none of those decisions has been disowned by subsequent governments in the last 25 years.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
Contentious issues such as the construction of a Ram Temple in Ayodhya, abrogation of Art 370 giving special status to Jammu and Kashmir and enactment of Uniform Civil Code have been included in the Bharatiya Janata Party's election manifesto with the party making promises on them.
Gandhi attacked Modi and the BJP while latching on to the bribery allegation made by Narendra Patel, an activist of the Hardik Patel-led Patidar Anamat Andolan Samiti.
A moderate GST rate obviates the need for the two-rate structure.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
There will be a review of employee compensation arrangement in the light of the new rules.
The Budget chose to stick to an ambitious disinvestment programme for 2016-17.
GSTN CEO Prakash Kumar tells Sudipto Dey how IT can improve service delivery of government departments.
Here is the full text of the joint statement issued by India and the US.
The Constitution should not encumber these choices, specially limiting them to second-best or third-grade options.
