'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
Finance Minister Arun Jaitley to discuss key issues with state finance ministers.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
'If the Modi government is successful in extraditing a high-profile fugitive such as Vijay Mallya or Nirav Modi before the 2019 election, the government will be able to link demonetisation to this and turn it into a positive.'
'Our government has created 10 million jobs when the Indian unemployment rate is at a 45-year high.'
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
This is part of the government's move to improve infrastructure.
Stock clearing to rain discounts on consumers in June ahead of GST rollout.
The government last year introduced the Insolvency and Bankruptcy Code.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
The economist was also critical of demonetisation and the way Good and Services Tax was implemented.
In a major reach-out to the main Opposition, the prime minister invited Gandhi and Singh over tea at his Race Course Road residence around 7 pm.
Given the many policy areas where the Centre and the states have not been seeing eye to eye in the last few years, it is time the Modi government convenes a meeting of the Inter-State Council, recommends A K Bhattacharya.
FM had proposed an enabling provision to levy cess at 2%
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.
Maruti Suzuki, Tata Motors and Hyundai stand to gain the maximum, given their large portfolio of products in the sub-4 meter segment.
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The Direct Taxes Code bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.
"A very easy solution to suggest is tax-payers must pay because the private sector has defaulted," Jaitley said, adding that bank recapitalisation, where the government puts in more capital in public sector banks to shore up their books, effectively amounted to that. "Therefore, I think let's try and make the private sector pay for their debts or allow somebody else to step in."
Majority of respondents feel that the government in the forthcoming Budget will increase the standard deduction and give more incentives for housing loans.
83% of the CEOS plan to hire more in the new year.
The Telangana Rashtra Samiti had backed the NDA on demonetisation, GST and in the elections to the post of President and Vice-President during its last term.
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Participants will keenly watch fate of GST Bill in Parliament.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
Jewelers also want import duty on gold to be reduced from the current 10 per cent to at least 5 per cent.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
Moving the Motion of Thanks to the President's address in the upper house, BJP member Bhubaneswar Kalita said the government respects farmers. He said the government has given new rights to farmers through these new farm laws and none of their rights or facilities have been taken away.
Finance Minister Arun Jaitley is keen to introduce a fair tax regime.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
If re-elected, his government will set up a National Traders' Welfare Board, bring trader credit cards and a pension scheme for small shopkeepers besides making a provision to provide loans of up to Rs 50 lakh without collateral.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
