We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
In the previous Budget, the government had come out with a similar scheme.
Latest data from the Swiss National Bank showed that money parked by Indians in Swiss banks rose over 50 per cent to CHF 1.01 billion
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Tax Guru Anil Rego answers your personal income tax queries.
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
The list includes Gautam Adani's brother Vinod Adani among others.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits, the CBDT said on Tuesday.
I-T heat on thousands of firms for unusual cash deposits.
According to sources familiar with the development, Sebi has decided to make references to the Ministry of Corporate Affairs and the Department of Revenue, citing violations of the Acts these bodies govern.
Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
There appears to be a growing perception among the political class that faster growth will not create jobs fast enough and, therefore, welfare spending needs to be drastically increased, says T T Ram Mohan.
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
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.
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Enforcement agencies will be empowered to confiscate assets
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
The Association for Democratic Reforms slams the Budget proposals on political funding, says they lack teeth and show the "lack of political will" in proposing real reforms.
The focus on Swachh Bharat has sharpened with Prime Minister Modi asking ministers to show the outcomes of schemes launched since the NDA government came to power
This would be a practical way of bringing a huge sum of money.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
Changes in threshold not to have a significant revenue impact, say officials
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As of September, account for bulk of applications for availing of the government's amnesty scheme.
Manish Sabharwal tackles 5 criticisms of demonetisation.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
Arun Jaitley had a tough fiscal hill to climb.
Out of these, no balance has been found in case of 289 accounts
In order for somebody to do Big Brother kind of a job, one has to collect lots of data. Aadhaar collects very minimal data whether at the time of enrollment or at the time of authentication.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
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