Currently, companies are taxed in the jurisdictions in which they have a physical presence. However, digital businesses generate revenues from markets without a significant physical presence in a country.
'This announcement is big foolishness.' 'The government has no idea of economics. They are just announcing what comes to their mind.' 'Let them implement what they have announced and just see what will happen in two years.'
Maruti Suzuki and Hyundai would make the largest gain.
With the arrest of the film censor board's CEO on charges of demanding bribes to clear films, the regulatory role of the panel is in focus once again
The Plan Panel was set up by a simple government resolution in March 1950 had withstood many political and economic upheavals.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Yogi Adityanath on Monday completed 100 days in office as Uttar Pradesh chief minister but it was a low-key anniversary with no big event to showcase the achievements of the government.
Even Delhi does not have a full-time registrar of chits.
'It is a national shame that the only country that enacted a food security act is now better known as the land of farmer suicides. Indian farming can change only if national irrigation policy is implemented in totality,' Dr M S Swaminathan tells Shobha Warrier/Rediff.com
As a consensus remains elusive on key economic policies like foreign investment norms, industry leader Deepak Parekh has said India's FDI policy is akin to 'inviting guests over to our house, but not opening the door'.
Rohingyas settled in Jammu tells how they are facing a battle for survival
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
With a starting price of Rs 72,000 for the base 32 GB storage model, will the iPhone 7 Plus be able to wow the audience? Himanshu Juneja reviews the iconic iPhone 7 Plus
Hyperloop concept was first released in 2013 by Tesla and SpaceX's Elon Musk as an alternative to high-speed rail
This Budget plans for an increase to 10.3% of GDP from 9.9%.
UPSC toppers -- Ira Singhal, Nidhi Gupta, Vandana Rao and Suharsha Bhagat -- tell Rediff.com how they cracked the tough national exam.
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
Union Minister for Water Resources Uma Bharati recently reiterated her commitment towards making the Yamuna Shuddikaran Abhiyan a success but said little else. It is obvious that in comparison to the Ganga about which she waxes eloquent at the drop of a hat, her treatment towards Yamuna can at best be described as step-motherly. Rashme Sehgal reports on efforts to save the river.
'I will say all this happened because of ignorance coupled with arrogance,' says G Madhavan Nair.
Formidable challenges including funds for the farm loan-waiver, and law and order stare him at his face, with the opposition claiming the misses have outnumbered the hits.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
'In each hartal, enormous amount of public money is wasted. The entire state comes to a standstill. How long can this go on?' 'Every year 3 crore people sit at home not because they support hartals, but because they are forced to do so.' 'This is part of a larger measure to curb democratic rights.'
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
'Will 'Make in India' be able to harness the demographic dividend so it does not become a disaster?' 'Will 'Digital India' live up to the lofty promises the government and private sector made as part of its recent launch?'
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