'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.'
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.
Finance Minister Arun Jaitley presented the Union Budget.
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.
Shreekant Sambrani is confident that today's adversity will make the country emerge even stronger
'Slowing down of the economy was mainly due to the demonetisation shock...' 'If you cut off the oxygen supply to a patient in the ICU and the patient dies, the patient does not come alive again when you restore the oxygen supply.'
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.
Growth, said HSBC, would be helped by higher public investment, bankruptcy code and direct transfer of subsidies
While GST and insolvency laws are among the major achievements of the Modi government, the list of failures include demonetisation, toxic banks, manufacturing hiccups and most prominently bizarre job creation figures. Mihir S Sharma takes a look at the four years of Modi government.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
From 1952 to 1967, each of the three Lok Sabhas sat for an average of 600 days and more than 3,700 hours. In comparison, the 15th Lok Sabha -- from 2009 till 2013 -- has met for just 345 days and 1,331 hours, says Shreya Singh
He sought a seeking a direction to Congress chief Rahul Gandhi, his mother Sonia Gandhi and other accused to either admit or deny if certain documents filed by him were original.
Speaking at an Assocham event, Modi said the recent cut in corporate tax has brought rates to all-time low for businesses, adding that labour force should also be taken care of.
The National Company Law Tribunal on Tuesday approved the Jalan-Kalrock Consortium's resolution plan for the bankrupt Jet Airways.
The Bharatiya Janata Party MLAs staged a walkout ahead of the voice vote.
All ministers in the Narendra Modi government will have to submit details of their assets, liabilities and business interests to the prime minister within two months.
The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules.
After coming out of CBI headquarters in New Delhi, Chidambaram said he had appeared before the CBI and the first information report did not contain any allegations against him.
Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
New ITR form may be simpler, but some changes could stump you.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.
Bank, bankruptcy reforms, Nabard Bill amendment on agenda.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
'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.
Enactment of Insolvency and Bankruptcy Code has been instrumental in pushing up India's ranking in the 'Doing Business' report
Budget 2015 has blessed the banking sector.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
Congress President Sonia Gandhi, her son Rahul, Motilal Vora, Oscar Fernandes, Suman Dubey and Sam Pitroda are accused in the case.
Two days after the Maharashtra Navnirman Sena chief Raj Thackeray announced a state-wide 'rasta roko' on Wednesday to protest against toll collection in the state, police on Tuesday served a notice to him asking the leader to refrain from any activity that would create law and order problems.
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The Delhi high court on Monday termed as "serious" the use of internet services provided by offshore firms by government officials in communicating on sensitive issues and asked the Centre to come up with the e-mail policy.
Overseas airlines can operate unlimited number of flights into and out of India.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Listing the series of reforms which led to the upgrade, he said while demonetisation took the economy towards greater formalisation and digitisation, use of Aadhaar ensured targeted delivery of government benefits.
With time the start-up action plan will need to be tweaked and will need to move in the direction of removing both hurdles and privileges.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
