In a strategic move for the upcoming West Bengal elections, the BJP has announced its first candidate list, highlighted by Suvendu Adhikari challenging Mamata Banerjee in both Nandigram and Bhabanipur.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
Taxpayer satisfaction is a part of the matrix of key performance indicators of the administration.
The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Introduction of GAAR, which was proposed by then Finance Minister Pranab Mukherjee in the Budget 2012-13 to check tax evasion, had triggered strong opposition by foreign investors following which its implementation was postponed till April next year.
The ruling TMC in West Bengal was rocked by a fresh bout of desertions on Friday with Banerjee quitting the party and several other leaders rallying behind him.
This means taxpayers might continue to enjoy exemption on maturity of their investments
'At critical moments an inability to take tough decisions resulted in potentially far-reaching solutions slipping out of our grasp.' 'If similar opportunities come Narendra Modi's way will he act differently?' asks Karan Thapar.
20 years ago this day, May 11, 1998, India conducted its second nuclear test at Pokharan in Rajasthan. In a fascinating interview on Rediff.com, K Subrahmanyam revealed how Indian PMs reacted to nuclear ambitions.
