India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
'We are truly blessed to bear witness to the divine talents of, and scarcely human displays put on by, Roger Federer and his bromance buddy, rival, nemesis and plausible co-claimant to GOAT ('greatest of all time') status, Rafael Nadal,' says Arvind Subramanian, who steps down as chief economic adviser to the Government of India in September.
Power plant load factors are at historic lows of around 60 per cent.
Swamy demanded to dismiss the AAP government in Delhi and asked for President Rule.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
He was speaking on the sidelines of a function to inaugurate the new building to house the Environment Ministry.
For PPP projects, clause on consent requirement could be abolished or brought down to 50% of land owners, against the current 70%
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
'India's biggest loss is that we will not have anyone as principled and as courageous as Rajan.'
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
Taking away free healthcare facilities, as recommended by the Aayog, would place a huge burden on the people, especially in rural areas, says Devanik Saha.
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
'Look at Mr Modi. He is a part of this new middle class.' 'India has never before seen this kind of social mobility, certainly not since medieval times.' 'As a result, India's entrenched elite, which is a class of people with a strong sense of entitlement, is being tamed,' Sanjeev Sanyal tells Shyamal Majumdar and Arup Roychoudhury.
Independent directors were supposed to safeguard the interest of all stakeholders.
No prime minister of India ever had greater experience of running a state than Narendra Modi.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Devanik Saha wonders if saffronisation of India is on the rise
Rajan said investments should return after initial investor worries over Brexit.
A policy-related problem that urgently needs to be redressed is the 'miniaturisation' of projects.
India will have to devise policies to ensure overall growth in FY16.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
A moderate GST rate obviates the need for the two-rate structure.
The unemployment situation is becoming increasingly acute.
Tharoor was earlier summoned as an accused by a magisterial court for the alleged offences of abetment of suicide and committing cruelty towards Pushkar.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
The device supports a host of India-specific apps and the more you use it, the better it gets.
'When there is no middle ground possible between the government and the governor, the governor has to go.'
Modi said Jethmalani was 'witty, courageous and never shied away from boldly expressing himself on any subject'.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
Calling Rajan "no less patriotic", he virtually ticked off Swamy saying "if anybody considers himself above the system then it is wrong".
Modi govt must bring about reforms to kick-start big-ticket infra projects.
The panel was set up to suggest ways to reform India's monetary policy.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
The government's critics say that the Prime Minister failed to rein in vicious and unprecedented personal attacks on the central bank chief by the likes of Rajya Sabha MP Subramanian Swamy.
The sacked water minister said that when he asked the Delhi CM about the cash, he was told 'said few things in politics cannot be explained'.
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