FBT was an unpopular tax and withdrawn before the General Elections in 2009
States' demand for 5 years and Constitutional provision ruled out
Pharma shares extended losses after the government's ban on combination drugs.
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
Here are highlights of the 68th Republic Day parade.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
The CAD in 2012-13 was at 4.7 per cent of GDP and in 2013-14 it will only 1.7 per cent, the Finance Minister said.
The very design of the GST will bring in revenue buoyancy.
Following the Supreme Court ruling against liquor being sold within 500 metres of state and national highways, the infamous Indian jugaad is in play once again. Veenu Sandhu, Nikita Puri, Ranjita Ganesan & Avishek Rakshit find out how India is coping.
NDA government has shunned populism.
Indian economy about to take-off
Meet Jasmeet Singh Sandhu who ranked third in the Union Public Service Commission exam this year.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
The 7th CPC places the Indian Police Service (and, almost in passing, the Indian Forest Service) on a level with the Indian Administrative Service, leaving the military out in the cold.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
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