The govt would also be coming out with more measures to deal with inflation.
India's existing web of federal and state sales taxes is levied at different stages of the supply chain and often results in double taxation, while forcing trucks to spend nearly a quarter of their road time in border checks or other inspections.
News of all that's transpired on and off the football field
Companies feel higher rates in India would not be justified.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
The possibility of a deal between Iran and the world on its nuclear programme has some perils but much promise for India, says Uday Abhyankar
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
The ecosystems of India and China today jostle against one another across Asia and much of the world.
Budget should raise revenues & reduce spending to increase capital expenditure.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
The finance minister admitted that there was no quick-fixes to economic problems and the government is working to stabilise the economy which may take time.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
'The creation of Pakistan was integral to Britain's grand strategy.' 'If they were to ever leave India, Britain's military planners had made it clear that they needed to retain a foothold in the NWFP and Baluchistan because that would provide the means to retain control of Iran, Iraq, Kuwait, the UAE, Bahrain and Qatar.'
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
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