Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
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.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
A realistic approach towards tax and stock taking is necessary, rather than the old narrative of bringing all petroleum products under GST and playing the blame-the-state game.
The DTH industry has to pay entertainment tax to state governments and service tax to the central government.
The Planning Commission was better than the Niti Aayog as it used to take up the issues of the states with the ministries concerned.
'A theft has taken place in front of the eyes of the chowkidar (watchman), but you are silent,' Rahul asked the PM.
The RBI announced its monetary policy on Tuesday.
Central bank moves to infuse liquidity into bond market to help boost sentiment.
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