Long-term capital gains tax may be scrapped and the burden of dividend distribution tax could perhaps be shifted from companies to shareholders. Also, the Budget could provide income tax relief for the salaried classes, while proposing tax sops for small, medium and micro enterprises.
The Shiv Sena on Monday slammed the Congress for fielding former Union minister P Chidambaram from Maharashtra for the Rajya Sabha poll, saying the party has "damaged itself by foisting him on the state".
Former Finance Minister P Chidambaram is Congress nominee from Maharashtra for the biennial elections to Rajya Sabha while senior leaders Kapil Sibal and Jairam Ramesh have been named from Uttar Pradesh and Karnataka respectively.
'The dragon is Narendra Modi. While it may be harsh -- a tad -- to say that it was sleeping, it is fair to say that the government's approach in tackling corruption cases was lackadaisical.' 'By choosing corruption as an issue the Opposition has goaded the Treasury benches to return fire -- and the BJP has more potent ammunition,' says T V R Shenoy.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Both Houses were adjourned multiple times as Opposition members kept on shouting slogans against the PM.
Full list of the rejigged Union Council of Ministers
Hitting back at Arvind Kejriwal over the DDCA row, Finance Minister Arun Jaitley on Thursday accused him of spreading "false propaganda", saying he seems to believe in untruth and defamation and delivers a language that borders on hysteria.
Will appeasement, rising unemployment and her dictatorial style become major obstacles in her path? asks Payal Singh Mohanka.
The major thrust is towards Technical and Economic Cooperation.
Prasanna D Zore/Rediff.com reports on the chaos facing taxpayers with the income tax department making changes to ITR 2 and 3 forms just before tax-filing deadline.
Tributes poured in as news came in of the death of the 10-time Lok Sabha MP who had joined the Communist Party of India-Marxist in 1968. Chatterjee was speaker of the Lok Sabha from 2004 to 2009.
Most borrowers of loans against property pin hopes on future cash flows from their business, but in case of failure to repay the loan, the lender can repossess the property and sell it.
For the wealthy, post-tax returns of debt funds would work out better
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
'We need to look beyond the current approach'.
RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
"If there is proper debate in parliament, followed by a vote, then even without the Congress' support, we have a chance to pass it," says Union Minister of State for Finance, Jayant Sinha.
The Congress members raised slogans and trooped into the Well of the House, demanding apology of the minister.
Nitin Gadkari is the rising star, Arun Jaitley commands respect while minister of state Dharmendra Pradhan seems to be the PM's new favourite.
Liquidity issues post the crisis at DHFL, progress of monsoon, rupee trajectory at the domestic level and oil prices are some factors that will keep markets choppy, analysts say.
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.
Released on Friday after his detention under the stringent Public Safety Act (PSA) was revoked, former chief minister Farooq Abdullah drove from his residence to nearby Hari Nivas where his son, also a former chief minister, has been held first under preventive custody since February 5 under the PSA. The two warmly embraced.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Real estate sector cheers reforms in the Budget.
And it has to be done in less than 200 days!
Jaitley has managed the difficult feat of sticking to the fiscal correction.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
The EC received complaints from five places that EVMs were connecting to external devices via bluetooth, but after inquiry, it was found that there was 'no substance' in the complaints.
Government strategists are trying to ensure that the requisite 16 of the 31 states ratify the Bill by the end of this month
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
These consistent performers are expected to maintain momentum.
The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Ghulam Nabi Azad and Anand Sharma succeed in convincing Rahul Gandhi of zero returns in blocking Parliament.
The Aadhaar Bill passed during Budget session last month, overruling amendments moved in Rajya Sabha.
The cases are related to gunning down of Indian Air Force personnel and the Rubiya Syed kidnapping.
For growth in export, continuous gain in productivity is essential.
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
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