'The Modi government, like the Singh one, has run into what is called a perfect storm, where everything that can go wrong does so at the same time,' points out T C A Srinivasa-Raghavan.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.
'At a recent event, says Kishore Singh, almost everyone present lamented art being labelled as 'goods', and therefore the artist its 'manufacturer'.
Finance Minister Arun Jaitley on Friday hinted at not raising tax rates and providing incentives for manufacturing.
Finding resources for a fiscal stimulus could be difficult and it could jeopardise macroeconomic stability, says CEA.
Though GST could mean complications in the short run, it will bring in undeclared revenues and streamline taxation across the value chain, the benefits should be worth the pain.
The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.
Exemption limits, standard deduction on radar.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
'There is room for cautious optimism following the Harris anointment that America will return this year to more normal politics after the aberration of the Trump presidency,' points out Shreekant Sambrani.
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.
The G20 in 2013 had unanimously agreed to a 15 point action plan to check BEPS
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
It will reduce compliance cost as the assessee will not have to maintain multiple records for a variety of taxes
To begin, the Budget has no doubt attempted to address uncertainty.
The second and final part of advocate Prashant Bhushan's interview with Sheela Bhatt/Rediff.com. Bhushan is one of the petitioners in the black money case in the Supreme Court
The second and final part of advocate Prashant Bhushan's interview with Sheela Bhatt/Rediff.com. Bhushan is one of the petitioners in the black money case in the Supreme Court
The meeting with Xi is being held amid the ongoing trade war between the United States and China.
'The BJP has shown signs lately of returning to its trader mindset.' 'Several strong emotions get meshed in this: Nationalism, protectionism, mercantilism, and arrogance,' points out Shekhar Gupta.
News of all that's transpired on and off the football field
Consumer products like mobile phones and laptops may become cheaper as the overall taxes on goods are likely to come down
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Ease of biz issues to affect investments to India: US Ambassador.
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Jaitley said the Congress may be upset with the government for 'political reasons'
'Outside investors don't want to get tangled up in a religious war.'
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
'The manufacturing sector and the capital goods industry need all the support that the government can provide, because they are working in a global market where trade restrictions are coming down every day,' says Amar Kaul.
Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch.
GST will make it easier for governments to spend more, says T C A Srinivasa Raghavan.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
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.
'The Modi regime is not willing to use its huge political capital for taking any economic policy measure that it fears might undermine that political strength, says A K Bhattacharya.
Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management.
