According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
Inflation is affecting consumer spending and advertisers say they will now spend only on media which gives them the highest measurable returns. TV, for instance, grabs the biggest ad pie due to its mass appeal and the ready availability of TRPs, used to assess its returns.
'The Mumbai-Pune Olympics will be help shift the country's gaze to a region that denotes a new formula for sports, enterprise, and nation building,' argues Shashank Mani Tripathi.
Jaitley has announced increasing the super-rich surcharge to 12%.
An early action to allow domestic banks to participate in the commodity markets would not only help in improving their competency but would also help in develop their trading and product development skills in commodity derivatives.
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
The information technology sector in West Bengal is likely to see addition of 20,000 jobs in 2008. The state currently has about 300 small to big sized companies and employs 55,000.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
A stable government at the Centre and its plans to set up smart cities has revived investors' interest in the country with Mumbai, Delhi and Bangalore set to emerge as hot investment destinations in 2015.
The media and entertainment industry in 2007 grew by an estimated 17 per cent over the previous year to touch Rs 51,300 crore (Rs 513 billion), according to a recent Ficci-PwC 2008 report. However, this is 6 percentage points lower than the 23 per cent growth registered in 2006. All the major segments within the M&E industry, comprising TV, film and print, will see a year-on-year fall in their growth rates going by the report estimates for 2007.
Operating systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols
Despite India becoming a new destination for global investors, 38 per cent of over 5,400 companies' representatives surveyed by the global consultancy firm PricewaterhouseCoopers said they were asked to pay bribes to get licences, orders over the past two years.Among the seven major emerging economies of the world, India is ahead of Turkey, Mexico and China, where 28, 28 and 21 per cent of firms in that order reported experience with bribery.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
The Indian entertainment and media industry is expected to outgrow the country's economy every year between 2007 and 2011.
Riding high on growing income levels, comsumerism, technological improvements and greater investments, the media and entertainment sector is expected to cross a turnover of Rs 100,000 crore (Rs 1,000 billion) by 2011.
In a set of FAQs on applicability of Goods and Services Tax on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.
India can be the new global manufacturing hub for small cars with BRIC countries, says PricewaterhouseCoopers.
Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
Analysts tracking Apple said the India results were glimpses of what the company could achieve in emerging markets with a right pricing strategy for its products and local manufacturing.
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
Initiatives such as 'Smart City' project cannot be successful unless children are provided with a safe and secure environment, Minister of State for Home Affairs Kiren Rijiju said as he described the statistics on sexual abuse of children in the country as discouraging.
Rationalisation of rates will be taken up for smaller items that do not have major revenue implications but are commonly consumed at the GST Council meet on Saturday
The 13 firms under consideration had nearly a million employees as of March 2018, including contractual and temporary workforce.
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
The tax, in lieu of local levies, will be imposed at the first point of a financial transaction.
Tuesday's bridge collapse once again puts the spotlight on the city's urban infrastructure and a dire need for its development.
The point to note is that since the new rebate is up to a taxable income of Rs 5 lakh, if anyone earns even little more (say, even Rs 100 more) than this amount, he would have to pay all the taxes, according to the existing slabs.
Readers recall their meeting with President Kalam
The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the government's earlier estimate of $65 a barrel for the year and $56.39 for FY18
Abhishek Singhania left a career at PwC to work in a food security project as a research fellow.
The prospects for the media and entertainment industry look bright over the next four years, according to media pundits and independent research agencies.
The GST bill's draft says tax would be levied on Maximum Retail Price
Value of M&A deals made by India Inc this year will exceed its 2007 levels.
Axis Bank recently informed the Reserve Bank of India that it had experienced a cyber attack, while the State Bank of India said it was re-issuing over 600,000 debit cards because of a potential security breach.
Experts say, auditors must not allow themselves to be intimidated by the client management into conducting audits by conversation. It is important for auditors to conduct proper interviews and ask probing and searching questions.
Our regulation gives wide powers to the tax authorities, particularly at the assessment stage. The entire process is driven by 'doubt and suspicion' rather than 'trust and faith.'
Bankers said the SC verdict might prolong the resolution process and force lenders to bring back cases to the drawing board.
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
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