This Budget plans for an increase to 10.3% of GDP from 9.9%.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
.jpg)
The notice also said service tax amounting to Rs 28.08 crore (Rs 280.8 million), in addition to education cess of Rs 56 lakh and secondary and higher education cess of Rs 28 lakh (Rs 2.8 million) for the period between October 2007 and September 2012, should be recovered from Amity under the provision to sub-section 1 of section 73 of the Finance Act.
West Bengal was the second-most industrialised state in terms of value added and first in terms of number of factories and employment even in the mid-1960s. With a severe and long process of deindustrialisation, it lost its primacy.
'Against the backdrop of difficult administrative, political and economic problems, Imran's temperament and staying power will be the subject of intense expectation and public scrutiny,' says Rana Banerji, who headed the Pakistan Desk at the Research and Analysis Wing, India's external intelligence agency.
If the fight against black money seems half hearted, the same is not the case with gau raksha, says Subir Roy.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
With India poised to become the largest economy in the world by 2030, it cannot afford to leave half of its workforce behind.
India has undermined its own credibility.
About 13 million first time car/two-wheeler buyers are entering the market every year. If employment creation is such a big issue, where are these people coming from, asks Mahesh Nandurkar.
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
'That the two sides allowed such a situation to arise exposed the level of inaction and inefficiency in China-India border management.' 'The Modi-Xi meeting in Xiamen initiated a process to to avert such contingencies in the future.'
Having faced a debacle in four Assembly elections recently, the UPA government is exploring ways to woo voters before the coming general elections - without deviating from the path of fiscal consolidation.
'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.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Rediff.com presents the gist of the speech delivered by Mr. Kailash Satyarthi on the Foundation Day of Rashtriya Swayam Sewak Sangh.
The Budget decides to take the lead in revving up infrastructure.
Curbing the federal deficit is the government's absolute priority on February 28.
The omission of historical responsibilities, implying the build-up in the atmosphere of 165 years of greenhouse gas emissions from industrialised countries, is a body blow to the notion of climate justice, sums up Darryl D'Monte, reporting exclusively for Rediff.com from COP21.
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
Finance Minister Arun Jaitley hints at a world class tax regime.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The industry employs about 10 million workforce.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
According to the 2011 census, 67 per cent of rural households and 13 per cent of urban households defecate in the open.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
The finance minister defended the change in the tax rates.
Indian economy about to take-off
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
.jpg)
The latest macro-economic numbers confirm the economy trundles along in a low growth trajectory, while inflation climbs.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
It, however, lags other states on crucial parameters such as health care and rural poverty.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
Can Jaitley's team hope to garner 17% more on personal income tax?
Modi sarkar will have to undertake reforms to prove its mettle.
Information technology, not manufacturing or infrastructure, should be the focus of the government while implementing initiatives such as Make in India and Start Up India.
The first was wholesale funded banks and non-bank finance companies.
Surat had bagged the fourth rank under the Smart Cities Mission based on its proposal.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances