HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.
The appointment will be made by Prime Minister Narendra Modi in consultation with Finance Minister Arun Jaitley.
'The present government swears by Hinduism. But we lost three of our sants during earlier BJP regimes.'
SBI had a bad day, sliding the most by 5.36%. Others that dragged the key indices down were M&M, Reliance Industries and L&T.
'The leadership is confronted with an economy growing at its slowest pace in 20 years,' points out Claude Smadja.
'The major focus will be his message on economics, on increasing exports, supporting jobs back here, and including highlighting some commercial deals that we hope to have consummated by that time.'
After her elevation as defence minister, Sitharaman has become a member of the cabinet committee on security headed by the prime minister.
Rahul Khullar's guiding credo was that a civil servant must never lose sight of his client: The little guy. The evil men are those who are decision-makers but abdicate their responsibility of taking decisions, leading people to lose confidence in public institutions.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Trump is demanding China to reduce the $375 billion trade deficit and protection of Intellectual Property Rights, technology transfer and more access to American goods to Chinese markets.
A Mumbai lawyer and a Beed engineer joined arrested climate activist Disha Ravi in creating a protest toolkit backing the farmers' agitation with the aim of 'tarnishing the image of India' and collaborated with pro-Khalistani elements, Delhi Police officials said on Monday.
The RBI working group's proposal to allow corporate houses to set up banks is a "bombshell" and at this juncture, it is more important to stick to the tried and tested limits on involvement of business houses in the banking sector, according to an article jointly written by former RBI Governor Raghuram Rajan and ex-Deputy Governor Viral Acharya. They also said that the proposal is "best left on the shelf".
A series of bypoll losses has pushed the Modi government into panic mode. Uncharacteristically, it's letting events dictate its actions, says Shekhar Gupta.
There are five possible outcomes based on the number of seats that current front runner NDA can win.
Beijing's political risks are also escalating because of a renewed wave of public anger in many parts of Balochistan against human rights abuses by Pakistani troops deployed to crush the low-intensity insurgency in the province, the report said.
Political analysts said Sirisena's move to install Rajapaksa as the prime minister could lead to a constitutional crisis as the 19th amendment to the Constitution would not allow the sacking of Wickremesinghe as the premier without a majority.
According to the officials, the funds to the Congress were sent by Hyderabad-based Megha Infrastructure and Engineering.
The ecosystems of India and China today jostle against one another across Asia and much of the world.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
When the prime minister thanked his predecessor during his Independence Day speech, it was significant because it was Dr Singh's final acknowledgement that political support for reform is essential.
Following is the gist of the controversy over sudden transfer of West Bengal Chief Secretary Alapan Bandyopadhyay, who retired on Monday, to Delhi and related rules.
There was a lack of "sensitivity" shown in some areas by Hyderabad University authorities in dealing with the events which led to suicide of Dalit student Rohith Vemula.
'You can disagree with Dr Ilaiah's analyses of how the caste-based economy works, or with his prescriptions on how to fix it.' 'But a disagreement that is couched in terms of 'offence' given and received shuts down the debate that is essential to build a more just and modern India,' argues Mihir Sharma.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
It looks like Emmanuel Macron just got lucky again.
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
'...and instead do 20 minutes for someone else for a week, what an impact that will be...' says Maharaj Damodardas
BJP would observe the next 10 days -- from Sunday to September 17, the birthday of the PM -- as 'seva parva'.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
'Past experience shows us that cross-border strikes have not prevented Pakistan from continuing with further terror attacks.'
Jyoti Punwani reports on the strange case of Prashant Rahi, MTech, journalist, activist, now in solitary confinement in a Maharashtra prison.
The recently released poster Mental Hai Kya is like an abuse aimed at those who are fighting a disorder that demands support and social understanding, says Tarun Vijay, the former BJP MP.
'India should pledge that it will only target those provinces of Pakistan where nuclear weapons are located,' says Colonel Anil A Athale (retd).
Explaining the planetary position, Divya Bhojak, a noted astrologer from Toronto, said, the year 2020 is witnessing six eclipses including three visible in India. Many planets are turning retrograde, meaning an adverse effect for individuals, businesses and other aspects of life, she said.
Gandhi, 47, begins his nearly two-week trip to the US with an address at the University of California, Berkeley, tomorrow on contemporary India and the path forward for the world's largest democracy.
The chief minister pointed out that prompt action had been taken by the Punjab Police and the accused had been caught without delay, unlike in the Hathras incident. "That was why Rahul Gandhi had to rush to Hathras, to secure justice for the victim's family, and did not need to visit Hoshiarpur," he said.
Modi said the biggest challenge would be to ensure that the disease does not spread to villages across the country after relaxations provided by the government.
'Does it mean that we are witnessing the end of an era?' 'Probably not, but the post-Trump trade war has certainly brought a lot of instability in China,' notes Claude Arpi.
'Why not simply make some more ventilators and find some more beds? How much would it cost?' asks Ambassador M K Bhadrakumar.
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