The fall in the ratio of customs and excise duty collection to GDP has resulted in an overall decline of tax-GDP ratio from an average of 9.32 per cent during the 8th Plan
The trio said the top court had relied upon 'patently incorrect' claims made by the government in an unsigned note given in a sealed cover in the court.
Congress said it expects the truth to prevail after the report on the Rafale deal is made public.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
'Appellants may not lap up the scheme because, first, to do so would amount to admission of guilt, and second, they may have smelled victory before higher appellate forums,' notes S Murlidharan.
The Supreme Court judgement will hopefully ensure that those in power and authority will hesitate before allotting precious natural resources that belong to each and every citizen of the country in an arbitrary and corrupt manner, says Paranjoy Guha Thakurta.
The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.
The apex court sets aside Delhi HC order on the oilfield.
Implementation of Lodha Committee recommendations in the Board of Control for Cricket in India will be complete in the next four-five months, said Vinod Rai, head of the Supreme Court-appointed panel of administrators to manage the cricket board's affairs.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
The auditor also raised doubts over the safety procedures.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
The problem of stressed assets needs to be addressed with effective recovery.
Former cricketer Gautam Gambhir, actor Manoj Bajpayee, mountaineer Bachendri Pal, ISRO scientist Nambi Narayanan and Odisha tea seller D Prakash Rao were among the recipients of the honour.
Flanked by the Trinamool Congress chief, Naidu attacked the National Democratic Alliance government at the Centre alleging that institutions like the Central Bureau of Investigation, Enforcement Directorate, Income Tax department, Reserve Bank of India and Comptroller Auditor General are under "severe pressure".
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
A bench comprising justices K S Radhakrishnan and Vikramajit Sen said CAG can carry out the audit to examine whether the companies are giving proper share of their revenue to the government.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
As CAG found Reliance Industries was being favoured in gas exploration deal to the government's detriment, former Prime Minister Manmohan Singh told the then top auditor Vinod Rai that audit should not hurt the private sector and RIL was one of the biggest and most respected.
After ex-Comptroller and Auditor General Vinod Rai attacked Manmohan Singh on 2G issue, Congress leader Kamal Nath on Friday said the former Prime Minister may have made a "mistake" in not acting despite his letter to him expressing concern over the spectrum allocation process.
What should concern the Indian citizen is not the fact that the world's biggest assault rifle purchase was scrapped. What should is the fact that the tender was for a type of rifle that has never been produced, says Nitin Pai.
The compensation would be met through levy of a cess called 'GST Compensation Cess' on luxury items and sin goods like tobacco, for the first five years.
A special audit will look into any pricing anomalies in the transactions between the two, according to a source. FTIL had a contract for helping the exchange with its technology needs.
As the House took up the debate on Motion of Thanks on the President's Address, the Bharatiya Janata Party launched a frontal attack on opposition parties specially the Congress for their stance against the CAA, saying they were trying to divide the nation.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
ONGC, Hindustan Petroleum, Bharat Petroleum, Indian Oil and Oil India listed the spending as part of their mandatory CSR commitment, but CAG noted that the Sardar Patel statue did not qualify for CSR funding.
In 11 out of 29 coal mines successfully e-auctioned, a number of qualified bidders in the e-auction stage were from the same company/parent subsidiary company coalition/joint venture, CAG said.
Modi said the House did not witness any earthquake, an apparent reference to claims of Rahul Gandhi that his revelation on Rafale would create tremors.
Lack of sanitation is leading to avoidable deaths of infants, and underweight and stunted children.
A group of retired civil servants also called upon the PM to reach out to the families of the victims in Unnao and Kathua and "seek their forgiveness on behalf of all of us".
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
PAC Chairman K V Thomas, however, remained non-committal over these demands.
Raja said he had, in fact, brought a 'revolution' in the telecom sector.
Saurabh Patel, energy minister, Gujarat, who has handled the energy portfolio since 2002, speaks to Archis Mohan on GPSC's investment in the KG basin and says the criticism is politically motivated.
11 private firms would be involved in the ambitious project.
A group of 11 American lawmakers has written to President Barack Obama to discuss the issue of religious freedom in India with visiting Prime Minister Narendra Modi, during their meetings at the White House.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
IMAGE: BCCI president Anurag Thakur, right, with ICC CEO Shashank Manohar. Photograph: PTI Board of Control for Cricket in India president Anurag Thakur on Monday said in Supreme Court that he had not asked International Cricket Council's CEO Dave Richardson to state that the appointment of Justice Rajendra Mal Lodha committee would "tantamount to government interference" in the functioning of BCCI.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances