There could be a strong incentive for tax payers to avoid the higher tax burden.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
The average rating was seven out of 10.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
The Central government is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned.
With recent rate cuts, November collections could be even less
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
States' demand for 5 years and Constitutional provision ruled out
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
This time, the global appetite for risk is in favour of India.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
Rajan said investments should return after initial investor worries over Brexit.
Analysts expect modest recovery in Indian economy.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
The worst may perhaps be over for these stocks, suggests Sanjay Kumar Singh.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
Profitability and cash reserves have halved since the global financial crisis.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
With tempers rising on intolerance, it will be hard to run House proceedings.
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
'We have the more difficult reforms to do such as the reduction of subsidy, the insurance and pension sector reform, eliminating bureaucratic red tape and implementing Goods and Services Tax'
'We have to make doing business in India easier.'
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
India's political infighting is denting business confidence.
The 30-share Sensex ended down 556 points at 27,886 and the 50-share Nifty ended down 158 points at 8,444.
Businesses need to get on board in 15 days, ahead of indirect tax roll-out
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.
The agency has predicted that monsoon will also be a major factor.
The Budget sets out a comprehensive vision.
The economy is growing at 7.5-8 per cent, the finance minister said.
On the stalled goods and services tax bill, Modi said the Congress has made it a prestige issue but expressed confidence that the evolving arithmetic in Rajya Sabha would ensure that the legislation would be passed soon.
RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
Ways on how consumers can maximise benefits.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
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