'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
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 conservative bureaucracy that influences the political masters is clearly not concerned with the vision documents prepared by defence chiefs to bring India's military into a state of preparedness, says Seema Mustafa
The shareholders have approved raising of Rs 12,000 crore during the initial public offer and sale of secondary shares will take the total amount to Rs 16,600 crore. "Shareholders have approved all the proposals at the extraordinary general meeting. "The shareholders have approved the proposal to raise capital and the fresh issue of shares of up to Rs 12,000 crore during the IPO.
Watch this dream come true for Mani Ratnam and cinema on the largest screen possible, insists Sukanya Verma. Ponniyin Selvan: 1 Review
The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
Here's the full text of address to the nation by President Droupadi Murmu on the eve of the Republic Day 2023.
A political handshake between the Narendra Modi-led government and Jayalalithaa seems to be in the offing as the latter embarks on a crucial second term as Tamil Nadu chief minister.
Saying that the country was passing through a deep economic crisis for the first time since Independence, BJP president Rajnath Singh on Monday said that the country needed a 'realistic' prime minister and not an economist like Manmohan Singh.
How the BJP's politics plays out at the grass-roots level will determine its relationship with Muslims in the near future, says Sajid Bhombal
Over 1.4 lakh jobs are estimated to be created between March 2019 and March 2021 in various central government departments, according to the Union Budget presented on Monday. The strength of government establishments was 32,71,113 as on March 1, 2019, which is estimated to increase to 34,14,226 by the first day of next month - an increase of 1,43,113, it said. The budget documents have given a break-up of the jobs estimated to be created in central government departments between 2019 and March 2021.
With the Trinamul government and NGOs stalling the Haripur nuclear plant, will the DAE allot the Russians another site elsewhere in India?
The document, shared by the prime minister on the occasion of the first anniversary of his second term on his Twitter account and web portal, detailed the steps taken by his government for the progress and development of the country. The document is divided into 15 heads ranging from ease of doing business, ease of living, to eliminating corruption and the country's fight against coronavirus.
Swaraj is expected to give a stinging response to Sharif's UN General Assembly speech, in which he had focused elaborately on Kashmir.
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
The government on Tuesday announced Rs 900-crore allocation in the Budget for the newly set up Ministry of Cooperation for the 2022-23 fiscal, besides slashing Alternate Minimum Tax (AMT) on cooperative societies to 15 per cent and surcharge to 7 per cent, which nodal minister Amit Shah hailed saying it will boost the sector. Of the total allocation for the next fiscal, a significant amount of Rs 350 crore has been provided for digitisation of Primary Agriculture Cooperative Societies (PACs), while Rs 274 crore for an umbrella scheme 'Prosperity through Cooperatives' which would have a number of sub-components with the aim of all-round development of cooperatives in the country. For the first time, a separate budget of Rs 11 crore has been provided to Vaikunth Mehta National Institute of Cooperative Management (VAMNICON).
For the past 75 years, one of India's greatest all-rounder's name is repeatedly dragged whenever a batter wilfully tries to steal yards at non-striker's end and is legally run out.
Sukanya Verma's OTT recommendations for the week.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Kejriwal met Rajnath Singh; raised issue of full statehood for Delhi.
The Bharatiya Janata Party's unit in Madhya Pradesh on Saturday announced a slew of measures for the poor and the youth as it unveiled its manifesto for the November 25 assembly elections.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
Congress candidate from Kankavli constituency in Maharashtra Nitesh Rane said he has earned his candidature for the legislative assembly elections through his work and not because he is the son of former chief minister Narayan Rane.
Sangma said finding the solution was not an easy decision, but for the political will of Prime Minister Narendra Modi and Home Minister Amit Shah.
Himanta Biswa Sarma on Thursday said people of the state have voted for development and protection of their identity.
Younger party leaders are livid with the Murli Manohar Joshi-headed manifesto drafting committee for not taking their suggestions, reports Archis Mohan.
"La Ferita," or "The Wound," scales the Palazzo's Renaissance faade and simulates a giant gaping hole in the front of the building. Inside the architectural tear is an imagined vision of the Palazzo's interior, made real by a black and white photographic collage.
Prime Minister Narendra Modi on Thursday said even though India's options have increased, Russia will remain the country's "most important" defence partner as Moscow offered to fully manufacture in this country one of its most advanced helicopters.
'If you look at this Budget, except for the Rs 2 increase in petrol and diesel, there is no positive or negative impact from the Budget for the common man.'
BJP said if voted to power, it would bring out a 'white paper' on the financial health of the state under the Congress rule.
The decision, the Reserve Bank of India said, "is expected to revolutionise the retail payments system of the country".
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
The Tamil Nadu chief minister may have opened a Pandora's Box on the religion front with the appointment of qualified non-Brahmin temple priests, observes N Sathiya Moorthy.
It is largely due to his vision and efforts that we have almost quadrupled our per capita milk availability in the last 40 years, points out Shailesh Dobhal.
The tearing hurry to form theatre commands has to be replaced by a balanced and deliberate approach. We need to accept that this process will take time if executed correctly and in the best interests of the Indian armed forces, argues Commodore Venugopal Menon (retd).
India achieved a major milestone in its vaccination programme against COVID-19 as the cumulative vaccine doses administered in the country surpassed the 200-crore mark on Sunday.
Opposition said saying it lacked vision and road map to execute ideas.
Pope Francis has outlined his vision for Church in a first big written text of his papacy released on Tuesday. The Catholic leader said he was "open to suggestions" on how his role should change.
The experts said that climate change is not only raising temperatures and making India's heatwaves hotter, but also changing weather patterns that further drive dangerous weather extremes.
India and five Central Asian countries on Thursday decided to establish a joint working group on Afghanistan at the senior officials' level, ministry of external affairs secretary (West) Reenat Sandhu said.
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