Business subsidies may attract tax
US president Barack Obama new initiative to help millions of proud Indian-Americans directly invest in India's future.
Leaders of the United States, India, Australia and Japan did discuss the 'challenge' posed by China during the first meeting of the Quad, and they made clear that none of them have any 'illusions' about Beijing, US National Security Advisor Jake Sullivan has said.
PM Modi held comprehensive talks with his Nepalese counterpart K P Oli, who is on a six-day visit in New Delhi.
In a series of tweets, the senior leader of the ruling Bharatiya Janata Party also alleged that the legacy data were manipulated for including names of doubtful persons as alleged by many.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
In this year's budget, Finance Minister Nirmala Sitharaman hiked tax on petrol and diesel, raised import duty on gold, levied additional surcharge on super rich and brought a tax on high value cash withdrawals as she sought to spur growth with reduction in corporate tax and sops to housing sector, startups and electric vehicles.
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres, says Debashis Basu.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
Soon after Prime Minister Modi's assertion, the G20 countries also came down heavily on terrorism.
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
RuPay is working on how to increase offers to customers. It is also focused on technology innovation in the card payment system.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
Payments banks are niche banks which will be allowed to function with several restrictions.
The Standing Committee on Petroleum and Natural Gas in a report tabled in Parliament said the proposed formula is a simple average of two methodologies -- price of imports of LNG into India by different suppliers, and weighted average of prices of natural gas prevailing at Henry Hub in USA, National Balancing Point in London and netback import price at the well head of suppliers into Japan.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
The Birlas are investing $100 million in the financial services business in fiscal beginning April 1.
The leaders said trade ties were still fragile
A Parliamentary Committee on Wednesday recommended a composite foreign investment cap of 49 per cent in the insurance sector and supported a government Bill to amend the Act.
India has said the multiple terror attacks in Paris and Beirut highlight the urgent need to finalise a global convention on terrorism.
Government hits back, tells rating agency to introspect on processes.
Here is the full text of the joint statement issued by India and the US.
Companies feel higher rates in India would not be justified.
For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
'A decade ago, even though the sentiment might have been felt in large parts of the media, it was not expressed.' 'There was a reserve and there was a culture that adhered to the principles expressed in the Constitution,' observes Aakar Patel.
The BRICS stressed on resolution of conflicts in a declaration issued after a virtual meeting of foreign ministers of the member nations of the grouping. The meeting was attended by External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi.
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
The Prime Minister stressed on achieving financial inclusion.
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Asian Development Bank has asked Dhaka to send a formal request by Sunday.
'It has also saved the government about $ 9 billion in fraud and wastage because by having that unique number you eliminate fakes and duplicates from your beneficiary and employee list,' Nilekani said at an event on the sidelines of the annual meeting of the International Monetary Fund and the World Bank.
It is aimed at curbing the menace of fake or duplicate PAN cards which are allotted by I-T department to taxpayers.
Stocks such as ICICI Bank, Axis Bank, State Bank of India, Bank of Baroda and HDFC Bank are among the top banking picks of analysts for 2017. A decline in cost of funds and treasury gains are expected to help stabilise their net interest margins
Rich tributes were paid to the architect of the Constitution, B R Ambedkar, in various parts of the country on Sunday, with Prime Minister Narendra Modi saying that his economic thought and vision have not been fully understood and the government was leaving no stone unturned to fulfil his dreams of a prosperous and inclusive India.
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