Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
Experts say only three per cent individuals pay taxes.
Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases.
'We should hope and pray that the PM's sentiment is not held ransom by machinations and craftiness of a few junior babus who throw in an imaginary impediment at every welfare measure and snigger and giggle at the sidelines every time a soldier is ill at ease,' says Major Navdeep Singh on the one rank one pension debate.
The government on Friday lowered its economic growth forecast.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
As Narendra Modi and his ministers vigorously campaign for a shift to a cashless society, Rediff.com's Syed Firdaus Ashraf reports on what is really happening on the ground.
''I have been saying for the last 25 years, to no avail naturally, that the only government asset that is politically unproblematic is land,' says T C A Srinivasa Raghavan.
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A 20-year old tribal woman was allegedly gang-raped at Labhpur in Birbhum district by 13 persons, as they were against her affair with a man from a different community.
'Is this the message that India wants to send to Kashmir?'
Somen Mitra, the one time pillar of the Trinamool Congress and now Congress candidate from Kolkata North constituency, can't help smiling. The SC's order directing the CBI to probe the Saradha scam is the fruit of his hard and lonely battle. On the day when 17 constituencies in the state go to polls, Mitra speaks to Rediff.com's Indrani Roy about the impact of the Saradha scam on the elections and his relationship with his former party chief.
'At this stage, you should distribute money and food.' 'Like you queue up to vote, let people queue up to collect this.' 'This will arrest the decline in demand which will have a multiplier effect on the demand side for the economy as a whole.' 'The government should earmark about 2% of the GDP for this.' 'And this should be the first step to revive the economy.'
The party refuted Mishra's charges and said he was 'parroting' the Bharatiya Janata Party.
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Sakshi Balani presents an FAQ on the Food Security Bill that was passed by Lok Sabha on Tuesday.
The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore (Rs 56 billion) payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of investigation or apprehension of offenders".
The move follows poor results in detecting undisclosed foreign assets and delay in concluding pending matters under the Black Money Act, which came into effect in 2015. According to the official data, only 52 cases have been identified so far. Of these, nine are from Mumbai alone.
The party claimed it has the support of the independent candidates also.
'EVMs are absolutely credible, they are robust.' 'It's only a calculator with certain instructions. And the sim card inside an EVM is burnt and cannot be reprogrammed.' 'Besides, the machines are circulated among various states. No machine is allowed to remain in one state after an election.' 'By far, it is one of the finest innovations India should be proud of.'
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'She has to get the funds, cut through bureaucratic flab, speed up modernisation, ensure planned acquisitions stick to timelines, make organisational changes and ensure the military is capable of performing the task that it is given,' says Brigadier S K Chatterjee (retd).
The new law will apply to all establishments employing 10 or more people and the entitlement will be for only up to first two children.
The sops sanctioned by J Jayalalithaa on her first day in office could cost the exchequer up to Rs 8,000 crore annually.
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
Committee set up by state govt considering reduction in rates
The NITI Aayog is likely to continue to both formulate plans and engage with the states.
A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.
Reluctant to campaign so far, former Bengal CM draws large crowd in first roadshow since poll dates announced.
'Clearly, the depositors of cooperative banks need the maximum protection.'
There are more than 30,000 commercial Wi-Fi hotspots in India, and very few public hotspots.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
'Howdy Modi is an unforgettable celebration of the crowning of Modi as a world statesman,' says B S Raghavan, the distinguished civil servant.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The government is by far the largest employer; job security is guaranteed for government employees, and their wages are set through once-in-10-year Pay Commission.
The court termed the offence as "grave" and noted that there were serious allegations about the involvement of public servants including the accused, who has been charged by the agency of being a part of an extortion racket being run in the garb of investigation.
He said the bearer bonds can be purchased by corporate donors and donated to political parties without revealing their identity.
Urban markets account for the major share of total revenues.
'These three commodities have been chosen very well.' 'It is up to the state governments and central government to see how it is implemented.' 'The government has to do some hand-holding.'
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