Prime Minister Narendra Modi hailed as "historic" the jump.
'Tax dodging through tax havens is one of the ways multinational corporations and the super-rich in India are using to evade taxes.'
For India, struggling for competitiveness, the current rupee overvaluation in terms of real effective exchange rate is a genuine constraint.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
This taxation applies to all types of transfer of property.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
APAs are part of govt's aim to move to a non-adversarial tax regime.
The pension fund managers distribute products under the National Pension System.
Perhaps India needs to implement these for Achhe Din to happen.
Policies have focused on promoting manufacturing, says minister, for income and job purposes.
Budget might turn out to be neutral for the sector.
PFRDA will invite bids to appoint pension fund managers.
'To become more Indianised we had to be more colourful,' Rahil Ansari, Audi's India head, tells Ajay Modi.
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
The government last month introduced the GST Bill in Parliament.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
It will be safe to incur these costs initially to prevent any problems in the future, which would be far more expensive, in terms of money, time and effort.
After reaching a deal with ANZ in a six-year tussle, Pankaj and Radhika Oswal have left Australia and plan to start a new venture in New York
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
Overall, the Survey warned that unless shifts in the vision of development were articulated and embraced, the Indian economy would lose the chance to move to a high-growth trajectory.
Inclusive growth is about enabling wider participation in the growth story, but the current if fiscal debate is about how to compensate losers using annual Budgets, says Rathin Roy.
Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies?
If the surge in tax collections is sustainable, the finance minister has the elbow room to shoot for a fiscal deficit
The rush for prohibition and the Supreme Court's decision to ban liquor sales within 500 metres from highways have hurt companies.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
The proposal had attracted strong criticism from the salaried class.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
When an NRI returns to India, he should be aware of his tax residency status.
It is time to take a few macroeconomic risks to kick start the growth.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
'The tax avoidance in India is done as much by the wealthy as the lower class.' 'There is no difference in ethics and culture and morality, and no difference in tax-paying behaviour between various Indian classes, whether educated or not,' says Aakar Patel.
"We respect the Supreme Court order. We will take suggestions from legal experts to see whether there can be a middle path," Sharma said.
Finance Minister Arun Jaitley accused Congress of setting a wrong precedence for future opposition parties by continuously disrupting Parliament.
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