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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
Prime Minister Narendra Modi has done the seemingly impossible by finalising the long-pending Land Boundary Agreement ahead of his Bangladesh visit, writes Prakash Bhandari.
'We have to make doing business in India easier.'
This taxation applies to all types of transfer of property.
Aadhaar-related schemes and the Aadhaar Act exist on the assumption that Right to Privacy is not a Fundamental Right.
Following objection from petitioners who claimed conflict of interest.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Mexican President Enrique Pena Nieto's decision to cancel his planned trip to the United States next week was mutually agreed upon, US President Donald Trump has said stating that such a meeting would be "fruitless unless Mexico is going to treat America fairly".
Prime Minister Narendra Modi, who recently completed one year in office, has, in an exclusive interview with Smita Prakash, editor, ANI, said the opposition alleging that his government is a "suit boot ki sarkar" is definitely better and more acceptable than being labelled a "suitcase" (ki sarkar), and satirically added, that after ruling for sixty years, the Congress has suddenly remembered the poor.
'AAP has to run a marathon and could face a new crisis on the way. The beauty is to learn from the crisis, correct the mistakes and move forward.'
Days before Narendra Modi arrives in the US to speak at the UN, meet Barack Obama, gupshup with the likes of Nadella, Pichai, Zuckerberg, and address desis in Silicon Valley, his ministers will help set the commercial and strategic tone for the prime minister's visit.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
If Narendra Modi could tame his obsession with the Congress and the Nehru-Gandhi family, Arvind Kejriwal resist polishing his halo and Rahul Gandhi find his voice, we could begin a debate about the future of this country that actually addressed the seriousness of its problems, says Rahul Jacob.
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
'Our religion had some important philosophies regarding trans people that cannot be ignored.' 'Contemporary India is refusing and ignoring transgender people.'
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
Upcoming payment banks will lift lower income groups in distant villages.
Out of these, no balance has been found in case of 289 accounts
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
Defence Secretary R K Mathur should take to Prime Minister Narendra Modi just five simple measures that would create or catalyse dramatic improvements across the wider defence arena, says Ajai Shukla.
'It is a national shame that the only country that enacted a food security act is now better known as the land of farmer suicides. Indian farming can change only if national irrigation policy is implemented in totality,' Dr M S Swaminathan tells Shobha Warrier/Rediff.com
The decision marks first successful policy intervention.
'This wipes out the entire black money in the nation in one stroke. Ninety per cent plus of the black money is kept in Rs 500, Rs 1,000 notes. What they have done is a brilliant move.'
Following is the full text of Congress vice-president Rahul Gandhi's speech at FICCI's 86th annual general meeting on Saturday:
Arun Jaitley had a tough fiscal hill to climb.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
Transcript of Nikhil Pahwa's chat with Rediff readers.
Modi government is pushing GM food crops without adequate safety assessment and transparency, claim activists.
'If the money we spend on importing pulses reach our farmers, there won't be any suicides'
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The government has provided a long-term vision.
Three years after the horrific massacre of Sikh worshippers at the Oak Creek, Wisconsin, gurdwara by a gunman with ties to supremacist organisations, a federal system to help track hate crimes against Sikhs, Hindu, Arab American communities has been formalised.
The Pixel handset comes with all-round improvement, and with some workable niggles here and there, the handset looks poised to take on the rival Apple iPhone 7 and Samsung Galaxy S7, says Himanshu Juneja.
'The voter thinks that the State is not going to impartially deliver services, provide justice, basic law and order, social insurance -- so as a voter it's very rational that I may choose a criminal who will help me navigate the State.' 'A weak State allows a criminal politician to be the person who provides that guarantee to mediate whatever problem the citizen has with the State.'
A few critical shortcomings and a possible pricing blunder on the 64 GB (Rs 23,999) capacity model might just take the wind out of the sales of Xiaomi's latest offering.
The race for VIP perks has pernicious consequences and is undermining the elite's authority
