'For the first month, we have only had 5.5 million who have paid the tax.' '40 per cent have paid nil as tax; 95 per cent of the taxation for the first two months has come from only 400,000 assessees.' 'So even now, the tax-paying habit, of paying a marginal or negligible amount, or not paying anything at all, is quite prevalent,' reveals Finance Minister Arun Jaitley.
Over lunch, Finance Minister Arun Jaitley breaks down his Budget. Sheela Bhatt/Rediff.com reports.
Governments must encourage micro-irrigation, use of natural manure and pesticides in a big way. Farm income can be doubled by reducing cost as much as by increasing MSP, says Sanjeev Nayyar.
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
In villages in Palghar district -- in Mumbai's backyard -- more than 254 children have died from malnutrition.
Attired in his trademark half sleeves kurta and sporting a Rajasthani turban, Prime Minister Narendra Modi devoted a bulk of his 90-minute address on the occasion of the 70th Independence Day to presenting in effect a report card of his government's work particularly in boosting economic growth, ease of doing business and welfare schemes for the poor and farmers.
Aadhaar-related schemes and the Aadhaar Act exist on the assumption that Right to Privacy is not a Fundamental Right.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
Finance Minister Arun Jaitley said the fiscal deficit slippage this financial year (2017-18) was largely statistical.
'In Rajiv Gandhi's time, out of every Re 1 spent by the government only 15 paisa reached the public.' 'At this moment, I cannot say that the entire Re 1 reaches the common man's pocket, but yes, two-thirds of that money definitely reaches the common man.' 'And the rest of the money will also reach soon.'
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Defence Minister Nirmala Sitharaman on Monday visited cyclone-hit Kerala and assured the state of all help while asserting that rescue operations would continue till every missing fishermen was brought back safely.
Kick-starting the poll campaign in her mother Sonia Gandhi's constituency Rae Bareli on Wednesday, Priyanka Gandhi made a veiled attack on Narendra Modi, saying only one man took all the decisions in the Bharatiya Janata Party.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Announcing his tax reforms Trump said his policies would benefit working families.
'There is a great scope for enhancing the use of organic fertilisers'.
Here is a closer look at politicos who have emerged victorious in the electoral contest of five state assemblies.
'They have started an institute, the Academy of Training and Sensitisation, for prison officials near Vellore.' 'This institute has been started by the Union home ministry and it is meant for all the four southern states.'
Maharashtra today faces an acute water crisis. But all that Devendra Fadnavis is concerned about who is not chanting slogans like Bharat Mata Ki Jai, says Syed Firdaus Ashraf.
Manish Sabharwal tackles 5 criticisms of demonetisation.
The top two in the government and in the Bharatiya Janata Party, Prime Minister Narendra Modi and party President Amit Shah, respectively, spent the day trying to hard sell not just the contentious land Bill but also how the Modi government stood for the welfare of farmers.
With a sole mandate of inflation targeting, RBI wears many hats.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
'70 per cent of sewage flows untreated into the river along its entire course. Hardwar and Rishikesh remain two of our holiest cities. Then why has the government failed to do anything?' 'If Modi can do with the Ganga what he has done with the Sabarmati, that will be a major achievement.'
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We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
Andhra Pradesh now comes third in ease of doing business.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
The industry's reactions to the Budget have been mixed.
Realtors are still flexible with buyers' demands.
'The innate fascism of the RSS is overshadowing Modi's development programme,' says Amulya Ganguli.
'To bring about a paradigm shift in farmers's income, we need to change our approach to agriculture, and transit from the narrow prism of cultivation to a full-fledged enterprise, by building all associated supply chain linkages.' 'This alone will make the farmer an entrepreneur in his own right.'
Fresh investments are constrained by tepid demand.
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
Satellite analysis can assess vegetation cover down to field level.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
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