Post demonetisation, there has been a hike in collection of personal income tax
The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism.
DoT has also announced that it will conduct third round of auction but dates and other final details have not been released yet.
Frosty Indo-Pak relations after the beheading of Indian soldiers by Pakistani troops were on full display in Yokohama, Japan.
Behind the GBS figures, to be revealed in the Budget next week -- lies a fierce tug of war between Finance Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia in which Prime Minister Manmohan Singh eventually threw his weight behind the finance minister.
To meet the financing requirements of the infrastructural deficit, many more institutions are required to share this responsibility, Chidambaram said on Tuesday, while launching operations of India's first Infrastructure Debt Fund under the NBFC Structure by handing over the First IDF -- NBFC License to the Promoters of India Infra Debt Limited -- ICICI Bank, Bank of Baroda, Citibank and Life Insurance of Corporation.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
Before Budget, departments see outlays shaved.
RBI Governor Raghuram Rajan had set up a committee to review the monetary policy framework.
Chidambaram was winding up a discussion on the first batch of supplementary demands for grants in the Lok Sabha.
