Pensioners, India Inc may get tax breaks in Budget
The data shows the average room rate of two-star hotels increased by 8.5 per cent in FY18, even though it lagged on occupancy at 61.8 per cent, down 1.4 per cent year-on-year
'If private capex has to kick in, there should at least be 2-3 years of visibility.'
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.
'AI is not a new thing for us. We started our AI journey in 2015.'
The proposed IFC disrupts existing regulatory structures.
Aseem Chhabra lists his favorite 2023 films -- a healthy blend of Bollywood, Hindi indies and some of the best work that is being done in Tamil, Malayalam, Kannada and Bengali cinema.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
On one hand, South Indian states have been complaining about denial of a proportionate portion of the sharable funds from the Centre, based on population. On the other hand, they stand to lose Lok Sabha and Rajya Sabha seats that again are based on population, points out N Sathiya Moorthy.
Prime Minister Narendra Modi was on Monday quoted as saying that Tuesday's expansion of his ministry will reflect "budget focus and priorities".
Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
The Tamil Nadu government welcomed the decision, hailing it as a 'grand victory for the 'Amma (Jayalalithaa) government' and the state's farmers'.
In yet another secretary-level change, government appointed Hasmukh Adhia, a 1981 Gujarat cadre IAS officer, as the new Financial Services Secretary replacing G S Sandhu.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
US President-elect Barack Obama today promised to do whatever possible to revive stalled economic growth in the short run and insisted that there is no question of being in any danger of an environment of "over-reach".
The Maharashtra government on Friday told the Bombay high court that the state-run hospitals in Nanded and Chhatrapati Sambhajinagar which recently saw a spurt in patient deaths faced a heavy inflow of extremely critical patients from private hospitals.
A Border Roads Organisation team will be stationed in Joshimath to monitor the yatra on a day-to-day basis and ensure immediate treatment of cracks on roads or any other problem that might arise, the chief minister said.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
The first reason is engineering services, says Anant Gupta
Will the new Congress government implement the five 'guarantees' that helped it in part to wrest power from the Bharatiya Janata Party in toto or will they now add a "conditions apply" clause?
An announcement has barred the entry of journalists in the finance ministry.
The ministry had on Friday decided to replace Chatterjee as joint secretary and acquisition manager (Air), in-charge of handling the chopper deal, which is facing cancellation in view of bribery allegations, and the multi-billion dollar 126 combat aircraft deal of the Air Force.
In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
Experts hail Budget 2015 as a progressive, growth oriented one.
The captains of Indian industry described Narendra Modi government's maiden budget as one with "the right intent and in the right direction".
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
There has been a welcome focus on fundamental reforms, time-bound programmes that fix accountability and the use of technology. The upcoming Budget could build on these initiatives, says Abhas Jha.
Demand among several pre-Budget representation by BSE Brokers' forum
The Budget decides to take the lead in revving up infrastructure.
An aggressive rate hike by the US Fed and the possibility of a recession can trigger a slide in these stocks, which will be a good opportunity to buy from a long-term perspective.
Finance Minister Pranab Mukherjee on Friday announced raising of excise duty to 12 per cent from 10 per cent at present.
A formal sector worker can contribute towards pension scheme till the age of 58.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
As for structural reform, there are signs if one looks hard enough.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances