A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
'Success will require political skill, not just economic expertise'
Investors expect more investment-friendly policies opening up more sectors for foreign direct investment
States' demand of compensation from Centre for loss of tax revenue not on agenda.
Indian airlines are running into losses.
Jaitley's Budget has the potential to change the face of Modi's Bharat
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
US companies are 'positively looking' at India.
'India should today tell China to provide proper facilities in Minsar for Indian yatris visiting Mt Kailash,' says Claude Arpi.
The rally in index heavyweight ITC has boosted the sentiment across the board.
'The voter thinks that the State is not going to impartially deliver services, provide justice, basic law and order, social insurance -- so as a voter it's very rational that I may choose a criminal who will help me navigate the State.' 'A weak State allows a criminal politician to be the person who provides that guarantee to mediate whatever problem the citizen has with the State.'
This Budget will be a litmus test of the government's resolve to ensure Make in India strategy works
It is possible that the final Budget architecture may be at variance with the comments.
The recently approved government scheme provides both liquidity and returns.
The Budget will indicate where the Modi government stands on reforms, growth and development.
The challenge is to convince productive sectors that a lower general rate would benefit all and remove the prevalent system of favours targeted towards narrow industry and service sector groups.
Sectors throw up a wishlist for the Finance Minister.
Pusapati was given detailed presentations on various aspects of the sector by senior officials of the Ministry.
Her great grandfather began sugar co-operatives in Maharashtra. Her grandfather was an eight time MP. Her uncle is currently leader of the Opposition in the Maharashtra assembly. Her cousin joined the BJP on Tuesday, March 12. Nila Vikhe Patil, who could one day become prime minister of Sweden, unravels her India connections in an e-mail interaction with Rediff.com's Vaihayasi Pande Daniel.
Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
'There is an insistence that the government bring about reforms if India is to succeed. The fact is that many nations have done reforms, but are not Great Powers,' says Aakar Patel.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Companies making larger profits are now paying a lower rate of effective tax because of concessions
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
Disclose foreign assets, redesignate NRO a/c and open a Resident Foreign Currency a/c to park forex earnings
Rajan's remarks come as the Modi-led government completes one year.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
Sandeep Shanbhag offers tips on post Budget taxation rates.
If companies get into trouble, the loan becomes a non-performing asset and "we very much want these assets to be back on track," Raghuram Rajan said.
Athens has pushed two reform packages through parliament
A raise in the I-T exemption limit has been sought by many.
Hitting out at the Congress, Parliamentary Affairs Minister Venkaiah Naidu on Sunday said it should not politicise the issue of the Leader of Opposition status in Lok Sabha.
India Inc is encouraged by a determined Budget.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
Budget 2016 may hold some answers to start-up cooncerns.
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
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