The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari speaks to Sanjay Jog about the government's strategy.
The stock market historically exhibits volatility on Budget day.
Economists have asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.
In a bid to discourage junk food culture,a 14.5 per cent 'fat tax' on burgers, pizzas and pasta will be levied.
K N Balagopal (Communist Party of India -Marxist) said the Congress and the BJP were acting as A-Team and B-Team and not allowing the House to discuss the bills.
'After Vajpayee-Advani, Modi-Shah is the second best in India.'
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
The challenge is to convince productive sectors that a lower general rate would benefit all and remove the prevalent system of favours targeted towards narrow industry and service sector groups.
Experts suggest six ways to play stocks that tank suddenly and make money as Sanjay Kumar Singh listens in
Why do I want to bring corporate tax from 30 per cent to 25 per cent? I have to attract investment in this country -- not just international but domestic.
Converting what was supposed to be an interim budget or a vote on account into an almost full-fledged budget announcement in the Lok Sabha, Finance Minister Piyush Goyal proposed an array of incentives for both middle-class and farmers, whose disenchantment was said to have cost the BJP dearly in recent assembly elections.
'The middle class stood by the BJP, especially after demonetisation, and they expected something in return.' 'Some section of the BJP believes the middle class is condemned to vote for the BJP as they have no other choice.' 'They think they can treat them any way, still the middle class will run to vote for it.' 'That's what the Budget seems to convey.'
Senior officials say the government might come up with an incentive package for the SEZs following the release of Foreign Trade Policy.
There are a couple of proposals, however, whose goals are not easily achievable.
What is required from government is intellectual framework.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
The government will have to get projects moving.
Road Transport Minister Nitin Gadkari known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles.
Akash Jain's tweet about his sister's wedding card, which features the Swachh Bharat logo, was retweeted by the Prime Minister, catapulting Jain to instant fame. And the excitement hasn't quite worn off yet.
A glance back at some important events that occurred in 2018.
India's indigenous paper manufacturers are forced to use a variety of raw materials.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
Hailing the Congress manifesto as a visionary document promising to shape a better future for Punjab, Dr Singh said the Parkash Singh Badal-led government mismanaged the state and failed to harness its full potential.
InterGlobe has raised Rs 3,008.5 crore.
Indian economy about to take-off
Lowering excise duty on petrol, diesel, and other fuels, branded fuels.
However, independent economists are not as gung-ho as the finance ministry over the likelihood of deficit target being met this time around, says Indivjal Dhasmana.
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
'The Paris Conference is a decisive meeting on climate change.' 'Negotiating an agreement between 196 countries is indeed a challenge.' 'If we go beyond 2°C, the consequences will be extremely difficult to deal with.'The poor are the most vulnerable to the impact of climate change.'
Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name
'To become more Indianised we had to be more colourful,' Rahil Ansari, Audi's India head, tells Ajay Modi.
Real estate sector cheers reforms in the Budget.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
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