Amid the row over Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi government that wanted to do so.
Going long on Budget day announcement can go horribly wrong.
Conservation of cows in Rajasthan will entail a cost for those making rent agreements, mortgage papers and lease agreement as they will now pay a surcharge of 10 per cent on stamp duty for cow protection.
The Supreme Court on Tuesday granted protection from coercive action to AAP leader and Rajya Sabha MP Sanjay Singh in alleged hate speech cases lodged against him in UP.
Government will roll out National Rural Employment Guarantee Act scheme in all the 596 rural districts in the country in 2008-09.
Suresh Prabhu's maiden Railway Budget presentation, peppered with personal references and quotes, turned out to be a smooth affair.
Lalu Prasad, who became the railway minister in May 2004, surprised the world in 2008 with the 'magic' turnaround he effected for the near-bankrupt railways, claiming to have created a surplus of Rs 25,000 crore (Rs 250 billion.
Just a day after the Budget 2007-08, Finance Minister P Chidambaram asked the industry to 'hold the price line to contain inflation' on Thursday.
The railway minister's indifference to her portfolio, the hesitation to install anti-collision devices that cost Rs 250,000 per km and the debate over the efficiency of home-grown technology are leading to more accidents.
The minister also rejected Gandhi's allegation that the Narendra Modi government brought Pakistan and China together.
India's per capita expenditure on defence is less than $10, while the average expenditure of the top ten spenders in Asia is $800 approximately.
Finance Minister Pranab Mukherjee on Monday proposed to introduce a new simplified income tax return form 'Sugam' to reduce compliance burden of small taxpayers.
Government originally planned to roll out GST from April 1 last year, but a consensus could not be reached on the introduction of the Bill.
In Jammu & Kashmir, the minister proposed to set up a bridge factory.
For the last eight months, the toy train service between New Jalpaiguri and Darjeeling is partially suspended, following a landslide and the authorities are unsure of when the narrow gauge route would be revived.
The government on Monday said it proposes to incentivise incorporation of one person companies, a move that will benefit startups and innovators.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
Subbarao's annual statement will be of unusual interest this year
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
Opposition said saying it lacked vision and road map to execute ideas.
In his tax proposals he announced that there will be no change in the rates of personal income tax. He further announced that there will be no new taxes on income.
Special status to Yoga by categorising its promotion as charitable.
The announcement was made by Finance Minister Pranab Mukherjee in his Budget speech.
A draft of the infrastructure portion of the Budget speech for Pranab Mukherjee's consideration.
Finance Minister Pranab Mukherjee's Budget presentation on Monday was in sharp contrast to his colleague Railway Minister Mamata Banerjee's disorderly and oft-disrupted performance.
The opposition parties on Monday dubbed the Interim Budget as election budget, offering "poll lollipops" and alleged that the exercise has failed to address serious issues the people face.
When a strong executive decides it wants something, even something that is dangerous and unconstitutional, there is little resistance from within to stop it, notes Aakar Patel.
No major announcements or tariff changes for freight or passenger segment likely to be announced.
Indian Railways said it would rope in home-grown talent to develop world-class stations as foreign consultants were charging exorbitant fees.
'The people of Tamil Nadu in particular Chennai know about the double standards of the BJP. Nothing will work for them here.'
To resolve the so-called 'angel tax' issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums, she said.
This activity will allow us to identify those jurisdictions where either the legal framework is not good enough or practices are not good enough and, therefore, information is not flowing.
Claiming that black money to the tune of Rs 500 lakh crore (Rs 500 trillion) was stashed by Indians in foreign banks, yoga guru Baba Ramdev has advocated for bringing that money back home.
Accelerated development of highways will be taken up with 2,500 km access controlled highways and 9,000 km of economic corridor. In addition, there will be 2,000 km each of strategic highway projects and port connectivity projects, she said.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
'The finance ministry's decision to accept the deficit target of 4.5 per cent in 2025-2026 appears to have emanated from its endorsement of the Finance Commission's view that the Indian economy will continue to remain impacted by the pandemic, adversely undermining its growth potential,' notes A K Bhattacharya.
