In an online chat with readers, Investment Advisor Harsh Roongta answered their queries on the ban on Rs 500 and Rs 1000 notes.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
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 key proposals from the IT industry that were not addressed included removal of dual levies on software products
Timely payment under the MGNREGA is essential as it is a demand-driven scheme.
Most expect the Budget to be path-breaking.
The deduction will be higher and net take-home pay will fall.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
Days after extending more benefits to Persons of Indian Origin, the government is set to accept the recommendations of a committee which has favoured voting for Non-Resident Indians through electronic means.
'We need to further catalyse economic growth and the government needs to increase revenue,' says G K Agarwal, BJP's national spokesperson on economic affairs.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
Political funding of elections has led to the rise in black money in the economy.
Lockheed Martin's offer involves transferring the world's only F-16 production line from Fort Worth, Texas, to India. Thereafter, every F-16 built, and a large share of the spare parts and sub-systems for every F-16 flying across the globe would come from India.
The Taiwan-headquartered manufacturer has said it would invest around $5 billion in Maharashtra
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
There will be an automatic reduction in interest rates of all floating rate loans anytime soon.
'As the tanks roll down Delhi's Rajpath and the C-17s fly overhead, there could be a lot brewing in Hyderabad House,' says Surya Gangadharan.
The group said Dassault choose Reliance Defence Ltd to meet its 'offset' or export obligation in the contract and the Ministry of Defence has no role in the selection of Indian partners by the foreign vendors.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
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.
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.
The IAF faces a 'fighter gap' of 13 squadrons. The IAF would be caught seriously short in a two-front war -- the worst-case planning contingency in which China and Pakistan attack India simultaneously, points out Ajai Shukla.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
'The BJP leadership and its agriculture minister must make up their mind on what kind of corrective measures will be needed for Indian agriculture at this point in time.' 'The sooner Mr Singh provides policy clarity on this vital issue, the better are the chances of India's agriculture and farmers emerging out of their current mess,' says A K Bhattacharya.
Supreme Court allows more instruments to use the biometric card.
Such a will, a cheaper and more convenient option, has to be signed by two witnesses.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
According to the Reserve Bank of India's data, cash still accounts for 90 per cent of all monetary transactions in India.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
Things are expected to change dramatically in a few years for urban consumers.
Milind Deora, minister of state for communication and information technology and shipping, is one of the Congress' young guns under Rahul Gandhi. He tells Kavita Chowdhury that the core problem for the United Progressive Alliance in its second term has been its inability to communicate effectively. Edited excerpts:
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
The court has also questioned Epic's assumption that Tata Consultacy Services used the information for the creation of a competitive product
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Watal panel had suggested an independent payments regulator be set up.
'... it must network its battlefield units quickly, securely, robustly,' notes Ajai Shukla.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
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