Falling private sector investment and farm distress are problems that call for immediate attention, says T N C Rajagopalan.
The finance minister is likely to announce the government's vision for a tax-friendly regime by raising the I-T exemption limit from the current Rs 250,000 per annum.
'Today the real issue facing the Modi government is not about investment, credit and money supply and all those things economists like to talk about.' 'It is whether your average citizen has confidence in the government not to do something utterly whacky,' says T C A Srinivasa-Raghavan.
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
There could be a strong incentive for tax payers to avoid the higher tax burden.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
Lupin was the top gainer after the USFDA cleared its Goa facility
General Budget is a terminology earlier used to differentiate between the Union Budget with the Railway Budget. Full-fledged budgets are titled "Union Budget", while interim Budgets are titled just that.
We have to wait and see whether Jaitley's Budget speech translates into actions and desired outcomes, says T N C Rajagopalan.
The Centre and states are likely to settle for this threshold.
Performance-based incentives were recommended by the 13th Finance Commission, but omitted by the 14th Finance Commission
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
Raja clarified that he had only watched clips of the movie on his mobile phone and said he did not have the patience to sit through a two-and-a-half hour film.
This is good news for the central government at a time when crude oil prices are rising.
Select committees of the House have already submitted their reports
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
1.03 crore taxpayers have been registered under GST till February 25, of which 17.65 lakh are composition dealers who are required to file returns every quarter.
As the liquidity crunch reaches crisis levels and getting tax refunds remain a big headache, exporters saw orders fall by 15 per cent till October.
For the week, the Sensex recorded a fall of 371 points, or 1.10 per cent, and the NSE Nifty 130.75 points, or 1.25 per cent.
It is far from clear that this GST will have the silver bullet effect that the "pure" GST would have provided, says Mihir S Sharma.
Jaitley said the Congress may be upset with the government for 'political reasons'
For any proposal to be cleared, it has to get 75% of the vote.
FMCG, durables, pharma firms say they remain unclear about transition gains and losses
The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
No mention of cab aggregators in GST bills
India's Current Account Deficit rose to a record 6.7 per cent in the quarter ended December of 2012-13.
WGC expects demand to revive in H2 on surplus monsoon rains
Around 576,000 housing units, worth Rs 4.64 trillion, are delayed in seven major cities of the country
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.
With organisations like the Bharatiya Mazdoor Sangh, which is a front of the Rashtriya Swayamsevak Sangh, telling Finance Minister Nirmala Sitharaman they want OPS back, the government is in a bind, report Shiva Rajora and Aditi Phadnis.
The CAG audit may look into expenditure on printing of notes, RBI dividend payout and banking transaction data.
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
BSE Auto index fell over 0.5% after reports that automobiles might get costlier post GST
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
The new government may also introduce a separate scheme for revival of stranded gas-based power projects
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
Round-tipping creates the opportunity for exporters to source funds at a much cheaper cost, which they divert to some other business.
