India is one of biggest producers and exporters of agri commodities.
This brings its tax treatment on par with the Prime Minister's National Relief Fund.
Former finance minister P Chidambaram on Friday rejected Finance Minister Arun Jaitley's contention in Lok Sabha that UPA government left behind double digit inflation.
Israel's newly elected Prime Minister Naftali Bennett said on Monday that he was looking forward to working with his Indian counterpart Narendra Modi to further develop the 'unique and warm relations' between the two democracies.
Chidambaram said he would count every additional rupee the government infuses into the economy and examine what the poor, hungry and devastated migrant workers get after walking hundreds of kilometres to their home states.
Indo-US bilateral trade will surge five times to $500 billion in the next few years on the back of growing cooperation between both the nations.
'When you need to revive the economy, when you need to revive aggregate demand, you cut taxes.' 'But what's this government doing?' 'It's increasing taxes for the middle class and the vast majority of the poor on fuel, which has a ratchet effect on most other products.'
Shortage of ICU beds, oxygen, ventilators, vaccines, doctors, nurses and crematorium space in India has dominated headlines around the world in the past few weeks with Covid-19 cases surging beyond control and the government failing to deliver. Yes, election rallies, Kumbh Mela, blatant flouting of social distancing and mask protocols coupled with a messy vaccination process are said to be responsible for the health crisis of colossal proportions that India is facing today. But an analysis of Budget speeches made by finance ministers over 75 years also offers a glimpse of how low on the priority list healthcare has featured for the political class and policy-makers, which is a significant reason for the current situation.
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
TDS on health insurance claim payments reimbursed to hospitals should be NIL
Monetary transmission has been an issue for the Indian banking sector.
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
India's foreign exchange reserves rose by $2.8 billion to $343.2 billion
The foreign minister acknowledged that he spoke with Hurriyat leader Mirwaiz and India should not make it an issue.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
India's growth rate is not UPA/NDA issue, Arun Jaitley said.
It is learnt that the camp office in Lviv would be able to coordinate the evacuation of Indians to Poland and Hungary while the one at Chernivtsi would facilitate exit to Romania.
Israeli Prime Minister Benjamin Netanyahu on Friday expressed 'full confidence' in the Indian authorities in ensuring the safety of Israelis and Jews in India following a blast close to the country's embassy in New Delhi.
Union Budget 2015 cuold have included few smaller reforms.
The government on Tuesday said it is keeping a close watch on the developments in the crisis-ridden NSEL and will take action once reports of the two committees looking into the problems of the exchange are received.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Centre shows optimism of achieving the target of 4.1% at back of recent measures and turn around in manufacturing.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
'If the Chinese were keen to mend fences with India, they would merely have to withdraw their troops in Eastern Ladakh.' 'They have not done so and they have not said that they will do so.'
Indian Grandmasters Vidit Gujrathi and S P Sethuraman placed themselves for a medal contention as they defeated Jorge Cori of Peru and Vladislav Kovalev of Belarus respectively in the 12th and penultimate round of World Juniors Chess Championship.
Finance Minister Arun Jaitley presents the current National Democratic Alliance government's fifth and arguably his toughest budget.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
The finance ministry will kick-start the exercise to prepare the Union Budget for financial year 2022-23 (FY23) from October 12, according to an official notification released on Monday. "The pre-Budget meetings as well as the meetings to discuss the revised estimates will start from October 12 and will continue till the second week of November," according to the Budget circular of the Department of Economic Affairs' Budget Division. The Union Budget is expected to be announced on February 1, as has been the practice of the past few years.
Priced at Rs 42,500, this speaker unit might seem a bit overpriced, but you are for experience, this one is a perfect choice for you, says Khalid Anzar
Chidambaram first met bankers and industrialists in Mumbai to seek ways to revive slowing economic growth.
Stocks ignored better-than-expected double digit industrial production figures in August to snap a three-day rally on profit-booking after Finance Minister P Chidambaram said he was "surprised and worried" by the sharp rise in stock prices.
Government has set up a Financial Sector Legislative Reforms Commission to streamline the financial sector laws.
Rediff.com brings to you Finance Minister Pranab Mukherjee's Budget Speech Live from Parliament at 11.00 a.m. on February 26.
These companies had an accumulated loss of Rs 55,656 crore (Rs 556.56 billion) in 2012-13.
The year 2018 is likely to be steady in terms of institutional investment into real estate
