Several exemptions have been given to reduce the cost of raw materials.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
The Bill to amend the Bureau of Indian Standards Act has been passed.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
The rally in index heavyweight ITC has boosted the sentiment across the board.
States' demand for 5 years and Constitutional provision ruled out
'Wine is an indicator of the quality of life,' says Alok Chandra.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Manufacturing taxes, VAT will come down, assures Jaitley
It has always been accepted in various apex court rulings that economic policy is not justiciable. It can intervene only if the legislation is seen to violate fundamental rights says Sukumar Mukhopadhyay.
The Board of Control for Cricket in India, is locked in a legal battle with the Service Tax (ST) department, which has demanded an amount of Rs 536 crore (approx) as taxes on cricket board's earnings from royalty and media rights in the last one decade.
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.
The Congress has conceded the plum Finance portfolio to its junior partner, resolving a thorny issue, after its president Rahul Gandhi intervened and spoke to Kumaraswamy.
Here are highlights of the 68th Republic Day parade.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
FBT was an unpopular tax and withdrawn before the General Elections in 2009
Much as we'd like it to, all hasn't changed. In our country, the revolution must be polite and careful not to offend. Still, Raja Sen assures, there is hope.
The company will operate the IT system for five years.
The time the companies have to get ready for GST is 6 to 12 months.
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.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
The very design of the GST will bring in revenue buoyancy.
The situation in the state was 'extremely grave', said Vijayan, who spoke to Prime Minister, Narendra Modi and Home minister, Rajnath Singh, this morning seeking more central assistance for relief operations.
The Nitish Kumar government is leaving no stones unturned to plug the loopholes in the implementation liquor ban.
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.
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
Mixed global cues and decline in crude oil prices further dent the sentiments.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
NDA government has shunned populism.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
Indian economy about to take-off
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
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