'The Modi government is about privatising profits and nationalising losses.'
To resolve the so-called 'angel tax' issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums, she said.
The resignation is sure to create more political firestorms for the government as it comes on the eve of the winter session of Parliament where the Opposition has already made it clear to the treasury benches that infringing on the RBI autonomy would be a big talking point for them.
Accusing the government of spreading misinformation in the National Herald case, the Congress said it was proud to be associated with the newspaper that stood up in pre-independence times against the British for throttling free speech, similar to the present day climate.
'When he first came to office, my belief is that the PM's reading of the landscape was that, with a vanquished Congress and fragmented Opposition, he was looking at least at two terms in office. This reading perhaps allows for a more cautious, gradual approach.' 'It was only a matter of time before the government was forced to come face-to-face with a serious corruption scandal. This is not a commentary on the BJP, but a statement about India's political economy.' 'There is growing concern about the government's commitment to freedom of expression, religious tolerance, and an independent civil society. Thus far, the positive movement on strategic and economic matters has crowded out these concerns, but they are lingering beneath the surface.'
Here's the full text of President's address with a word cloud.
Expectations from this Budget are sky-high.
Aadhaar, an ambitious initiative of the previous government, has been used to initiate mandatory attendance for government officials, prisoner identification and by linking it to passports, mobile SIM cards and provident fund accounts.
Two types of deductibles are associated with auto insurance -- compulsory and voluntary.
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
Centre releases Rs1,712cr to TN, Rs 1,234cr to Karnataka for drought.
Go for open-ended scheme that allows redemption, in case the fund does not perform
The Reserve Bank of India has cut repo rates, the rate at which it lends money to banks, by 75 basis points since January this year, but most banks have not lowered lending rates.
The Aadhar card will be optional for availing various welfare schemes of the government, the Supreme Court said on Tuesday and ordered that no personal information of the holders of such cards shall be shared by any authority.
For the past 10 years or more, the RBI has been turning down dozens of applications under the RTI Act that sought disclosing the list of wilful defaulters and the RBI's inspection reports. In fact, it is the only organisation that has a granular and complete view of the heist that has been going on for 25 years at least. But it has escaped any blame for the multiple rounds of bankruptcy and massive periodic recapitalisation of public sector banks caused by bad loans. In fact, they don't want anyone to know how incompetent and collusive they have been in handling bad loans, says Debashis Basu.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Rebuffing petroleum ministry, Siddaramaiah launches Pradhan Mantri Ujjwala Yojana-like scheme months before state polls
A new draft proposal circulated among Nuclear Suppliers Group member states early this month could pave the way for India to become a member of the elite club, but this is unlikely to happen before the end of the Barack Obama presidency next month.
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
'Modi underestimated Pawar.'
Faced with a situation where the spouse's transferable job keeps taking the family to different locations, thus jeopardising their own careers, many women simply fall off their career track and resign themselves to relocation every time their husband gets transferred, says Sudha Menon.
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
The railways may offer high-speed train corridors to global players.
Indian economy about to take-off
If the presentation made by the Commission to the chief ministers is followed in letter and spirit, central sector and sponsored schemes will no longer be the domain of central ministries alone.
'The finance minister has told the BJP's core voters we are hearing you and we are sensitive to your aspirations.'
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
Jaitley's Budget has the potential to change the face of Modi's Bharat
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
It observed that there is no record of the money meant for the welfare of construction workers.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
Striker Costa ends second spell at Atletico Madrid.
Modi said bribery was not possible as the money was transferred directly into accounts of the beneficiaries.
RIL has denied knowingly producing any gas from the ONGC block
The government, he said, has implemented 'bold reforms'.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
Supreme Court allows more instruments to use the biometric card.
