A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
The centre's promise of a new deal for the states is a welcome development.
'The regional market has been brought to life. This is a big development in India's aviation sector,' says Civil Aviation Minister Jayant Sinha.
With all its ups and downs, 2015 is now concluding. And the New Year will bring new expectations to all of us. So tell us your expectations from 2016:
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
As for structural reform, there are signs if one looks hard enough.
Reason behind for the change in his stance: gas price increase.
Duty cut on raw material imports are not likely.
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
'The Ganga must be kept above all divisive politics,' says Uma Bharti.
The absence of a clear underlying economic ideology in the Budget was quite evident, say experts.
The Supreme Court imposed a green tax on trucks destined for other states but wanting to take a shorter route through Delhi.
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
Be a disciplined investor for attractive returns, says fund managers.
FM should avoid proposals such as to tax financial transactions and fringe benefits
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Chief Economic Advisor Arvind Subramanian's interview.
The government has provided a long-term vision.
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