The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
The derivatives expiry on Thursday is also expected to add to the volatility.
'I would urge my Indian friends to look at how significant the overall support was.'
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
The KYC parameters now include declaration of the gross annual income or net worth.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Bribe for Goa project estimated at $976,630
Without bringing sound governance and technical capabilities into the RBI's work, injecting new money sets the stage for a next wave of bad behaviour by banks, warns Ajay Shah.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
As probe into suspected black money stashed abroad by Indians gathers steam, banks in Switzerland are running from pillar to post to safeguard their interest.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
'Is Trump going to play a mediating role? Can he play a mediating role? It's out of the question.' 'Kashmir is an Indian responsibility.'
Nehru's faith in science and technology, his genuine respect for Bhabha, and their burning ambition worked synergistically to place India on the nuclear map of the world. Atomic energy developed and prospered because of Nehru's vision fulfilled by Bhabha's mission, recalls K S Parthasarathy, former secretary of the Atomic Energy Regulatory Board, on the occasion of India's first prime minister's 119th birthday today.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
India and China on Wednesday signed in all nine agreements, including the Border Defence Cooperation Agreement and one on strengthening cooperation on trans-border rivers, after restricted and delegation-level talks that lasted over two hours as Prime Minister Manmohan Singh and Premier Li Keqiang met for the second time this year for talks which the Indian leader described as "fruitful and productive".
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Database to contain taxable financial transactions and history of any tax-paying individual.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
Prime Minister Narendra Modi's visit is an attempt to move the Indo-Singapore relationship to the 'next level'. Singapore has been one of the top investors in India. India-Singapore bilateral trade has already crossed the $15 billion mark. As per the official records, Singapore has emerged as the second largest source of Foreign Direct Investment in India, says Dr Rahul Mishra.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
It would be a huge achievement if the new administration manages a successful transition to some sense of domestic and international normalcy in these frantic times marked by the pandemic and rise of illiberal regimes across the world, observes Shreekant Sambrani.
Raghuram Rajan speaks on the unscheduled rate cut.
'There were assurances that Jaish-e-Mohammad was being reined in as was the Lashkar-e-Tayiba, but Pakistan's security forces could not risk opening too many dangerous new fronts,' notes former foreign secretary Ambassador Shyam Saran, who has just returned from a visit to Lahore.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
'Here in Delhi, the Modi government is supposedly looking at 'options' to hit back at Pakistan in any whichever way it can, while in Washington, the Obama administration is looking for ways to strengthen US military cooperation with Pakistan,' says Ambassador M K Bhadrakumar.
The strong words came after the ASG said that the MCDs and the other agencies need to work together in an integrated and synergetic manner to handle the problem.
The decision was taken during the annual 19th round of boundary talks in Beijing between National Security Advisor Ajit Doval and his Chinese counterpart Yang Jiechi.
By revising the India-Bangladesh land boundary agreement, the NDA is going for short-term gains and losing the long-term perspective, says Gautam Sen.
India-Israel relations are at a crossroads. Simply chanting old hackneyed mantras on terrorism, secularism, democracy, et al, won't suffice. There is danger of stagnation setting in, says Ambassador M K Bhadrakumar.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Prime Minister Manmohan Singh on Friday disagreed with those in the Congress who were dismissive of the challenge posed by Narendra Modi but asserted that the party would approach the 2014 Lok Sabha polls with self-confidence, irrespective of the results of the just concluded elections in five states.
'If, as appears to be the case, India is on way to 'mending fences' with China, and China is equally desirous to 'reset' the relationship, this could be a self-reflexive moment in India's positioning vis-a-vis not just the Dalai Lama, but also the Tibetan issue and China as a whole,' points out China expert Alka Acharya.
