The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
The shift from 'one country, one tax' to four tax rates could dilute possible gains on GDP, warns T N Ninan.
It is believed that the commission in its report has suggested higher allocation to the states during five years starting from next fiscal.
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The Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path for fiscal prudence in its report submitted to President Pratibha Patil on Wednesday.
A more effective promotion of domestic manufacturing and mining could significantly reduce the trade deficit in key sectors, says T N Ninan.
Reform ideas do not occur overnight and evolve over the years.
Tamil Nadu chief minister M Karunanidhi said on Thursday that 'performing states' like Tamil Nadu have not been receiving their 'due share' from successive finance commissions, who, he alleged, gave more importance to backward states. He called for more allocation to the state from the Central Relief Fund, "considering the natural calamities," the compensation for which, especially crop loss, needed to be substantially increased.
The tax base should comprehensively extend over all goods and services up to the final consumer point.
In view of the severe drought and growing prices of essential commodities, Prime Minister Manmohan Singh has constituted a crisis management group of Ministers (GoM) for monitoring the situation on a day-to-day basis.
50 years ago, on April 1, 1968, Tata Consultancy Services -- now India's leading IT company -- was born. The foundation for TCS was laid by Faqir Chand Kohli whose life touched directly or indirectly many, many, Indians, says Shivanand Kanavi.
Check out who else was there.
'Usually, customers who don't get loans from banks approach NBFCs.' 'This is one reason NBFCs price their loans costlier than PSBs or private banks.' 'NBFCs will have higher delinquencies levels than private banks for most products.'
Here's how filmi folks ushered in the festival of colours!
'Saying the private industry will come and transform India's space programme is real moonshine!'
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
'How could any Indian-American heart not have skipped a beat to hear President Barack Obama speak of a nation of Christians and Muslims, Jews and Hindus and non-believers, shaped by every language and culture, drawn from every end of this earth?'
Among the mourners were Anupam Kher who acted with Sridevi in many movies, and Satish Kaushik who acted with and directed her.
The Goods and Services Tax, proposed to be introduced from April 2010, would benefit the economy by at least $15 billion
While the PM sees zero tax on long-term capital gains and dividend income as unfair since the beneficiaries are not poor, he is silent on the fact that rich farmers too don't pay taxes, since farm income is tax-free, a loophole exploited by many netas and babus, says Debashis Basu.
The buyback, if successful, will surpass RIL's 2012 share repurchase of Rs 10,400 cr
A Pune resident has filed a public interest litigation (PIL) alleging that the Reserve Bank of India (RBI) lost Rs 65,065 crore (Rs 650.65 billion) in 2006-07 due to fall in its valuation of investments in foreign exchange.
Sharad Kelkar, the star of the serial Saath Phere on Zee TV, talks about his role in the new reality show, Rock n Roll, and rubbing shoulders with first time judges Ajay Devgan, Kajol and Tanuja.
A *lot* of glamour on this red carpet.
The student front of the Rashtriya Swayamsevak Sangh has blotted its CV by allegedly instigating and engaging in violence on marquee campuses like JNU and Hyderabad Central University
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
Setting up a system is not very complicated and costs can be Rs 2-3 lakh for a 100-apartment society
Jet Airways' $500-million deal to takeover Air Sahara got a boost on Monday with the home ministry giving security clearance to four Jet officials to be on the board of Air Sahara.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
After 17 tumultuous years, a nationwide Goods and Services Tax (GST) will rollout from midnight of June 30, overhauling India's convoluted indirect taxation system and unifying the $2 trillion economy with 1.3 billion people into a single market.
Ajay Devgan, his wife Kajol and mother-in-law Tanuja are the judges of a new telveision show on Zee TV called Rock n Roll.
Maharashtra Minister Pankaja Munde has objected to the biopic 'Sangharshyatra', based on the life of her father late Munde, claiming that the film's producer did not take permission from their family before making it.
Leading private airline Jet Airways has put on its board a director whose security clearance is still awaited, contrary to stipulated norms of Director General of Civil Aviation.
A look at the star arrivals.
A look at the top posts on social media from your favourite Bollywood celebrities.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
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