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.
By creating groups of secretaries, the Modi government has precluded the need for groups of ministers, which were so ubiquitous in the first decade of this century in New Delhi. Each group will have a leader who will be expected to steer the schemes for implementation, cutting through the ministerial turf battles.
Indian cricket, it seems, pays overwhelming obeisance to a vapid, old adage: The more it changes, the more it remains the same.
The target announced is 13.6 per cent higher than that set last year and 145.4 per cent higher than the revised target for 2013-14.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
L&T Infotech hits the refresh button, rebrands itself as LTI With a new name, colour palette and business focus, L&T Infotech looks to break free of its past
Suresh Prabhu announced ambitious plans.
'NSCN-IM leader Muivah warns that the NSCN-IM has come very close to an honourable solution to the peace process with the Government of India, but if it does not materialise, then the Nagas will go away so far that it would be difficult to bring them back to the negotiating table easily,' note Sandeep Pandey and Meera Sanghamitra.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
The RBI has also been asked to consider displaying this information on its website.
The members approved the recommendation of the BCCI's affiliation committee to grant full member status to Chhattisgarh State Cricket Sangh, which will be part of Central Zone for all BCCI tournaments.
Questions on the efficacy of the government's drive towards filing of more returns by individuals and on whether raising tax exemption levels has led to reduced compliance in filing of returns by those who go out of the tax net, says A K Bhattacharya.
Negotiations near deadlock, as states oppose Constitution Amendment Bill.
The Panama verdict will decide how Pakistan handles its leadership problems.
To redevelop cities as 'smart', investment of at least $10 billion is required. For 100 cities, it works out to $1 trillion
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
The Sensex ended in red on domestic concerns.
Everyone wants a piece of the Taj Mahal, but do they care about the deteriorating condition of India's best-loved monument
Pune, the city that made it to second spot in the Smart City Challenge competition earlier this year, is not new to the concept.
Why did such a 'socially conscientious' people adapt to cash-for-votes and the like, as fish to water? N Sathiya Moorthy offers an explanation.
Measures may include tax slab and rate revisions for individuals, companies.
The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
The bench said the AAP contention that the LG is bound to act on the aid and advice of Council of Ministers was "without substance and cannot be accepted".
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
Adani group will demerge all ports, power assets into two 2 listed firms.
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
The panel will be asked to give report by March-April next year.
Even if they score administratively, state governments ruled by the party suffer from an inability to communicate positively, say observers.
Woody Allen, I salute you for taking a position against the anti-smoking messages in theatres, writes Aseem Chhabra.
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Instead of condemning all businessmen, the PM may like to listen to some of them.
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