On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
B R Ambedkar's fears about personality cults in politics and money power in elections seem to be coming true, says Nitin Desai
Finance Minister Arun Jaitley presented the Union Budget.
A tax reforms panel, headed by finance minister's advisor Parthasarathi Shome, is considering moving away from setting fixed tax-collection targets and linking these with the changing economic scenario during the year.
'Providing funds and autonomy to a few institutions that may not have the intent to excel must not become a case of trying to feed those who are not hungry and starving those who are famished,' says Jitendra Kumar Das, Director, FORE School of Management, New Delhi.
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
Restoration of road and tele-communication network in the Kashmir Valley, ravaged by floods, will take three to five days. The Centre has directed free flow of transport via Manali and Leh to Srinagar, the only available surface network, a top central government official said on Monday.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Poor land-use planning, indiscriminate approvals of building plans and the absence of disaster-risk assessment in urban design have resulted in what experts term concentrated concretization, predisposing cities to disaster risks
The Budget sets out a comprehensive vision.
Offers 12.60% in revenue share to Cidco, while only other bidder GMR offered 10.44%.
FY16 saw the highest number of new product launches in a year from Maruti
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Telangana and Rajasthan are the last states to go to the polls in the current round of assembly elections, which also covered Madhya Pradesh, Chhattisgarh and Mizoram.
The government on Friday lowered its economic growth forecast.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
Analysts have started talking about at least a 25 bps cut immediately.
Single window clearances for realty must.
The Budget decides to take the lead in revving up infrastructure.
Indian economy about to take-off
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
As for structural reform, there are signs if one looks hard enough.
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
CBI sources said that Kumar has been charged with abusing his official position to award contracts to M/s Endeavour Systems Pvt Ltd and securing government tenders worth Rs 9.5 crore between 2007 and 2014 for the company.
Finance minister Arun Jaitley has few feathers in his cap for taking serious eff
Finance minister tries to put house in order before reforms are unveiled in February.
The World War I had been triggered by an assassination in then relatively unknown Serbia.
IDS-2 and raids to uncover black money stash keep receipts flowing
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
The Indian Institute of Science topped the HRD ministry's 2017 national rankings. In 2016, the IISc was ranked among the world's top 15 universities in the Times Higher Education University Rankings. In his book The Creation of Wealth: The Tatas from the 19th to the 21st Century, R M Lala recounted how Jamsetji Tata's grand vision and immense personal contribution laid the edifice of arguably India's finest educational institution.
Several states that imposed prohibition in the past lifted it once revenue loss began to pinch
RBI's out-of-turn rate cut has surprise few economists.
'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'
The government is looking at building by-laws and floor area ratio so that you can build up instead of out, thus requiring less land.
'The Naga Hills region, Nagaland and Manipur, have had the most uncaring and corrupt state governments with little to show on the ground despite the nation's highest per capita development expenditure,' says Mohan Guruswamy.
'The TDP walking out of the NDA is a victory for the YSRCP.' 'The YSRCP wanted it to happen so that it would help them in coming elections.'
The Manmohan Singh government's rush to pass the Food Security Bill reflects extreme paucity of logic and action, says Neeta Kolhatkar
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