Solar equipment manufacturing, however, is unlikely to pick up in India as Chinese imports are more cost-effective
India's tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020. In an interview with PTI, finance secretary Ajay Bhushan Pandey said in a pandemic like this where the economy has been impacted, any large scale changes impact direct taxes more severely, whereas indirect tax collection is mostly proportional to business turnover and compliance.
The major beneficiaries have been the ministries of roads and highways, railways and power
The bank added that with the inflation trending down -- consumer price inflation for August eased to 7.80 per cent -- the rate adjustment will continue to ensure that the depositors are compensated 'adequately with a positive real rate on their deposits.'
Social media was abuzz with posts ridiculing the PM's comment. The hashtag # #YoBadalSoMandela also began to trend on Twitter.
Average salary has grown faster than average business income for three of the last five years. This has implications in a country like India. Most people in India are self-employed, with 51.4% of the population falling in that bracket.
For a PM who hasn't completed even one term yet, the ability to spark a publishing trend single-handed is a remarkable achievement, writes Kanika Datta.
Here's how she is linked to the most talked about Oscars speech of the year.
Showing a better trend in remuneration and other benefits for the top-level executives, staff salaries across the board have risen by an average of 50 per cent.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
Broader market outperformed with the S&P BSE Midcap index adding 0.7%, while S&P BSE Smallcap index gained 0.6%.
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry. "In the year under consideration, the surplus of income over expenditure was Rs 111.83 crore as against Rs 166.87 crore in the earlier year," stated Chaudhry in his annual report for 2015-16.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
The highest domestic package, however, fell 10 per cent
It is a slight improvement over last year.
'Whatever the legal position, it is my understanding that in practice, the Indian authorities have always treated Hindu refugees from Pakistan and Bangladesh far more sympathetically than Muslims,' notes Sunanda K Datta-Ray.
Top Congress sources said they would not hold up the Bill.
The greatest disconnect lies in the estimates of industrial growth.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
'... their love was jinxed.' 'His celluloid path to his partner's heart was seldom smooth; it had to contend with greedy relatives and indecisive sweethearts, who were more ready to sacrifice than woo and wed.'
RBI says haste in easing norms for banks harmful to economy.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
'Especially at a time when truth is being twisted and a new narrative is being manufactured.'
The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Issues like high insurance cost and the announced price hike effective January could also weigh on sales in 2019. The only bright spot is the softening seen in fuel prices over the past month.
The manner in which a large proportion of common people have mortgaged their rationality and questioning spirit to let hatred, prejudice, and bigotry take over their minds is a cause of worry, observes Mohammad Sajjad.
Experts expect the trend to continue in the near term.
Apart from skill development, employees are considering work-life balance.
Sanjeev Goel, business head, Manipal ProLearn, lists 10 courses that are currently most suitable for working professionals to upskill or reskill to ensure they remain of value in the job market and in future-ready organisations.
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
There has also been a shift from hiring freshers to those with two to five years' experience.
Even as floods play havoc in Uttarakhand, several states have opposed the provisions of a 38-year-old Model Flood Bill aimed at minimising losses to life and property in the natural calamity.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
Being mandatory, these recommendations will have to be immediately built into the Budget for 2015-16.
'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
Impact of the slowdown is most visible among promoter/owner-CEOs
