The government is determined to stop generation of black money, he said.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
He said that the voices of the weak, did not reach the BJP and the RSS.
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.
Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
In good times, analysts justify valuations giving interesting investment rationale.
'The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatising any of the government-owned banks,' says T N Ninan.
Defending his economic policies, Modi said demonetisation was 'a very big success story'.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
Here's what celebrities had to say about Arun Jaitley's Budget.
Lower revenue collection puts upward pressure on government borrowing, ensuring that it deviates from the glided path of debt reduction
A glance back at some important events that occurred in 2018.
Gujarat is a flourshing state but its business model is not so well accepted at national level.
The party also expects opposition parties to help its agenda by raising the issue of making the video footage of surgical strikes public.
It is your duty to be responsible to your health and start saving and investing early in a suitable health insurance, says Naval Goel
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Soaked in patriotism, hundreds of Indians on Monday proudly marked the country's 70th Independence Day, as the tricolour fluttered and the national anthem reverberated at Indian missions across the world.
The country saw two straight years of deficient monsoons.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
'The simple truth is this: That we had come to assume that a second term was Modi's for the asking. But the fact is that Modi will have to win one, just like everybody else.' 'And so much has he invested in his strongman persona that even a loss of just 50 seats from his extraordinary 282 in 2014 will look to his potential allies and to his party like a defeat,' says Mihir S Sharma.
He emphasised that if any life is lost in Kashmir, whether of any youth or any security personnel, 'that loss is ours, of our own country'.
The action may come after the special session of the Arunachal Pradesh assembly, which is meeting for two days from Wednesday to ratify the Goods and Services Tax Constitution Amendment Bill, a government functionary said.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
This is the BJP's first full-year Budget.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Launching a counter offensive against Congress vice president Rahul Gandhi for giving the Modi government "zero out of 10" for handling farmers' issues, Parliamentary Affairs Minister Venkaiah Naidu on Sunday said that "zeroes cannot see beyond zero".
Sonia Gandhi's iftar was meant to be a powerful show of unity of Opposition parties to take on the Modi Sarkar, but that was not to be...
The government should set up agricultural co-operatives in every cluster of villages and in respective districts on a war-footing within a time limit. We should involve the services of our military personnel who retire at a young age with several years of working life still left in them and would be happy to contribute to nation-building, recommends Atul Gupta.
It could be a tough week In the run-up to such an event, the market is always nervous.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
Narendra Modi was both conciliatory and mocking towards the Opposition, particularly Congress, during his hour long reply to the debate on the motion of thanks to the President's address in the Upper House.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
