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.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
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.
There are five possible outcomes based on the number of seats that current front runner NDA can win.
Over 20 MPs from across political parties on Wednesday tabled an amendment that would give the prime minister three days to set out a 'Plan B' if the House voted against her Brexit deal next Tuesday.
After her elevation as defence minister, Sitharaman has become a member of the cabinet committee on security headed by the prime minister.
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.
President Rajapaksa and Prime Minister Rajapaksa will transform Sri Lanka's political landscape after Thursday's electoral triumph, predicts N Sathiya Moorthy, veteran Colombo watcher.
Mahinda Rajapaksa completed 50 years of parliamentary politics in July this year. He was elected as a Member of Parliament at the young age of 24 in 1970. He has since been elected president twice and has been appointed prime minister thrice.
Once the Covid crisis subsides in the state, the NEET exam this year, whether conducted or cancelled, could become an electoral issue next year, along with the BC-MBC reservations issue, especially the 'creamy layer' aspect, says N Sathiya Moorthy.
Mr Modi must now work to win over the governor as a friend and learn to influence people credibly.
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.
Prime Minister Yoshihide Suga said he didn't have the authority to demand Mori's resignation, the Jiji news agency reported.
'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 US is not going to be able to mount a concerted 'Western strategy' against China or Russia in the present international milieu, predicts Ambassador M K Bhadrakumar.
A series of bypoll losses has pushed the Modi government into panic mode. Uncharacteristically, it's letting events dictate its actions, says Shekhar Gupta.
Modi may take satisfaction from his display of considerable political skill in managing a mercurial, temperamental and unpredictable US president and nudging him into uncharacteristic restraint and even carefully orchestrated remarks. This personal chemistry will come in handy if Trump returns as president in the November elections, says former foreign secretary Shyam Saran.
'...and instead do 20 minutes for someone else for a week, what an impact that will be...' says Maharaj Damodardas
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
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.
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.
'The leadership is confronted with an economy growing at its slowest pace in 20 years,' points out Claude Smadja.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
Metro rail services may be allowed from September 1 when the 'Unlock 4' phase in the graded reopening from the coronavirus-induced lockdown begins, but schools and colleges will not reopen immediately, an official said.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
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.
China is acutely conscious of the need for the next Dalai Lama to be under its control. It was for this reason that China recently stressed their claim on Arunachal Pradesh. There were rumours that the next Dalai Lama may be found in Tawang. If that happens, India-China relations will become tense and there may be demands for the child to be handed over to the Chinese, points out Ambassador T P Sreenivasan.
Will appeasement, rising unemployment and her dictatorial style become major obstacles in her path? asks Payal Singh Mohanka.
There is growing alarm at the inexorable rise of China, both of its military prowess and its aggressive bullying of other countries plus its subjugation of whole portions of its own population.
When BJP leaders, including Mr Modi's number two, Amit Shah, use the pandemic to launch an assault on state governments run by opposition parties, or to topple them, they are exploiting a grave crisis in cynical political self-interest, notes Shekhar Gupta.
It looks like Emmanuel Macron just got lucky again.
Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.
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
According to the officials, the funds to the Congress were sent by Hyderabad-based Megha Infrastructure and Engineering.
Pelosi, 80, secured 216 votes in a tight contest against Republican Kevin McCarthy, who got support from 209 Congressmen, after Democrats lost 11 seats in the November elections to command a narrower 222-212 majority.
Manoj Jain tells you how to fight stress and find peace in your daily lives.
A feature of this year's BRICS summit was economic cooperation.
An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
Petrol prices may be cut by as much as Rs 1-1.50 per litre next week on falling international oil rates and appreciating rupee but a one-time hike in diesel and possibly LPG rates is still on the cards.
