Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
If the protected growth in GST revenue is reduced to 10 per cent, the Centre would save more than Rs 25,000 crore in 2020-21 if none of the states show any revenue growth. This would nearly amount to 0.1 per cent of the gross fiscal deficit and help the government in avoiding fiscal slippage to some extent in subsequent years.
The 3.9 million yuan ($630,000) fine is the biggest-ever.
After an apparent truce between AAP and the BJP following the Delhi polls, sparks are flying once again. Radhika Ramaseshan reports.
The tax dept has served notices on about 36 foreign investors.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
Terming demonetisation as an 'unplanned and unthought process', Vadra wrote, "The government seems to have reached its levels of desperation to overcome the initial blunder it created."
The crop is currently trading at Rs 22 a kg compared to Rs 12.50 one month ago.
As many as 70 restaurants in Mumbai have shut shop in the past six months, owing to spiralling costs, high taxes and a downturn in the economy.
Insurance experts said since it may be difficult to set a tariff or fixed rates for Covid-19 treatment, an indicative rate chart has been proposed.
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
Optimistic buying in blue-chip stocks ahead of release of industrial production data for July and retail inflation for August drove stocks higher.
The two bills -- Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 -- were passed by Lok Sabha on Thursday.
English Premier League club, Tottenham Hotspur, are understood to be considering another offer for Welsh striker Gareth Bale, with the club angry at Spanish giants Real Madrid's arrogance. According to Sky Sports, a mystery offer has been received by the club, which is being taken as a counter-bid.
English Premier League club, Tottenham Hotspur, are understood to be considering another offer for Welsh striker Gareth Bale, with the club angry at Spanish giants Real Madrid's arrogance. According to Sky Sports, a mystery offer has been received by the club, which is being taken as a counter-bid.
Another bill related to the farm sector, the Essential Commodities (Amendment) Bill, was passed on Tuesday.
While an official in the Commerce Department indicated a trade war was in the offing, till now the government has been in wait-and-watch mode.
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
Terrorists have shot dead at least 21 people after abducting about 30 passengers from two Karachi-bound buses in Pakistan's restive Balochistan province, prompting a massive operation by security forces to hunt down the gunmen.
The ongoing agitation in Kolhapur against levy of toll found its echo in the Maharashtra Legislative Assembly on Monday with two Shiv Sena members of legislative assembly from the area being suspended and physically evicted for disrupting the proceedings.
"I am sure that the attempts to stall development and throttle democracy at gunpoint will not be successful ever," the home minister said at the meeting, being held two weeks after 25 paramilitary personnel were killed by a band of Maoists in Chhattisgarh.
Cape Cobras held their nerve at key moments to get the better of Barbados Tridents via the 'Super Over' in the Champions League T20 match in Mohali on Friday to keep their slender hopes of qualifying for the semi-finals alive. Chasing a fighting target of 175, Cobras started in whirlwind fashion but lost momentum before scrambling up 174 for five to tie the scores. Jonathan Carter's brilliant unbeaten 111 for Tridents went in vain as the South African outfit came up trumps in a pulsating affair.
Surat houses more than 650,000 powerlooms. Of this, at least 60 per cent have been shut since a month, a loss of Rs 900 crore, finds out Vinay Umarji.
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
Airlines likely to be allowed to operate with smaller aircraft.
A jawan of the Special Task Force was killed and two others were injured when Maoists fired at them in Bihar's Jamui district in the wee hours of Friday.
Hundreds of JNU students rocked the national capital on Monday, bringing several parts of the city to a halt.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
Enraged over a trenchant message printed on a restaurant's bill slamming United Progressive Alliance government for imposing service tax on AC restaurants, Congress workers forced closure of the Mumbai eatery.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
'The service charge is given to the employees as a part of their salary. Now, employees have been calling to negotiate their salaries to balance the loss that they will face personally. In which case, we won't be able to retain some of them.'
The Vijay Kelkar task force on direct and indirect taxes, submitted its report to Finance Minister Jaswant Singh.
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
Former PGA Championship winner Davis Love III will captain the United States in the 2016 Ryder Cup match against holders Europe at Hazeltine in Minnesota, the PGA of America said on Tuesday.
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
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