Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
The Modi government could steer through Parliament 59 out of 75 Bills.
Indian economy about to take-off
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Here are 15 things that would have made 2015 a great year.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
Finance Minister Arun Jaitley presented the Union Budget.
Analysts say markets to be impacted by monsoon, inflation trajectory.
'The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatising any of the government-owned banks,' says T N Ninan.
'I would like to convey the message to your readers that the prime minister himself is directly seized of the situation on the ground. He periodically reviews the situation on the ground and how it is moving forward, taking inputs from economists, business leaders, chambers of commerce.'
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
'Let us also not expect that there will be a clean break with the past, much though the new government might like to think about it. In a functional democracy that is neither feasible nor desirable. But basic change it must be,' says Shreekant Sambrani.
Jaitley promised higher investment in roads and railways.
Boost to dairy sector will generate jobs
Non-uniform definition of control makes foreign investors wary, raise corporate governance issues.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The government has provided a long-term vision.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
Pandemonium prevailed in Jammu and Kashmir assembly on Monday as banner-waving members of the legislative assembly of opposition National Conference and the Congress stormed the well over beef ban and other issues.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
A glance back at some important events that occurred in 2018.
It is worth reconsidering if this fascination with either having a single party majority or Modi's leadership or, indeed, both, is such a great idea for India, says Udit Misra.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
There cannot be a 'blanket ban' on media reporting on cases of rape and sexual abuse, it said.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
'GST had to come close on the heels of demonetisation as part of the same package.'
The high court verdict on AIADMK chief J Jayalalithaa's disproportionate assets conviction appeal just got delayed, says N Sathiya Moorthy
The Modi government's array of economic policy has been impressive.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
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