The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
Pakistan are scheduled to play three Tests and as many T20Is in a bio-secure environment in England amid the COVID-19 pandemic.
Gujarat Congress on Friday made scores of electoral promises targeting 75 per cent of the electorate which includes the OBC, SC-ST, minority, differently-abled and dalit voters.
Commerce and Industry Minister Anand Sharma had earlier said the government would not hesitate in assisting sectors that employed huge amount of people if they failed to achieve growth. Some of those sectors were handicrafts, textiles, leather, engineering goods, rice and carpets.
In a bid to end India's dominance in the outsourcing industry, China has announced that it will not levy operating taxes on offshore service outsourcing business in 21 of its key cities till 2013 to promote growth of the industry.
The state also said that the police had recorded the statements of 400 witnesses so far and the investigators were in the process of finding the whereabouts of a doctor, who was an accused in the incident that took place at a housing society in suburban Kandivali, where one such camp was held.
The first phase of the programme will kick off with vaccinations in Hyderabad on Monday and in Visakhapatnam on Tuesday (May 18) at Apollo facilities.
The Resistance Front (TRF), which is believed to be a shadow group of LeT, claimed responsibility for the killings. IGP (Kashmir) Kumar said police have seized a vehicle used in the attack and that such killings were being executed at the behest of Pakistan.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The Budget has levied a pollution cess on petrol, diesel cars and SUVs and offered a one-time compliance window for domestic black money holders slapping a tax and penalty of 45 per cent.
Delhi Chief Minister Arvind Kejriwal on Friday announced annual revision of auto fares based on inflation, provision for training of drivers by transport department and relaxation in some of the rules for them.
Interest subsidy to cost Rs 200 cr for the government.
'People of my constituency told me they will continue loving me, but will not vote for me if I am with the BJP.'
Prime Minister Manmohan Singh on Monday indicated withdrawal of tax exemptions to prevent their misuse.
The Central government is likely to rule out upfront equity participation of 26 per cent in upcoming semiconductor units and other general incentives
The finance ministry today said that tax exemptions and concessions, which are estimated to cost the exchequer Rs 100,147 crore (Rs 1001.47 billion) this fiscal, should be subject to a sunset clause so as to avoid rent seeking.
The Union Budget 2010-11 presented by the Finance Minister Pranab Mukherjee in the Lok Sabha on Friday, provides boost to the research and development (R&D) activity across all sector of economy.
Players seek separate deduction for long term savings, or alternatively hike in exemption limit U/s 80 C; also seek longer period of carry forward of losses under Income Tax Act and also to increase FDI limit from 26% to 49%
In the 'Additional guidelines for quarantine of returnees from abroad/contacts/ isolation of suspect or confirmed cases in private facilities', released on Thursday evening, the ministry said there are large number of facilities such as hotels, service apartments and lodges which are "unoccupied due to impact of COVID-19 on travel and tourism".
The video purportedly shows pigs roaming freely in the corridors of the hospital, undeterred by people walking nearby.
'A well made masala film will never go out of fashion. Pushpa proved it yet again.'
The BJP-led National Democratic Alliance released its manifesto for the February 20 Punjab polls on Saturday, promising a slew of sops for various sections, including 75 per cent reservation in all government jobs for youngsters from the state, an unemployment allowance, 35 per cent reservation for women in government jobs and massive infrastructure development.
The Institute of Public Policy Research, which has close ties with the ruling Labour party, said in a new report that Britain could lose out on sought-after skills offered by mobile immigrants if they re-migrate to other countries.
RCB batsman AB de Villiers can still sense the momentum which his side gained in the 13th edition of the IPL in UAE.
Reliance Industries Ltd, India's largest private sector oil firm, has sought compensation similar to what is extended to public sector fuel retailing companies
Wankhede is set to host 10 IPL games this season from April 10-25. The first match at the Mumbai stadium is slated to be played on April 10 between Delhi Capitals and Chennai Super Kings.
Pakistan's popular hill station Murree was declared a calamity-hit area on Saturday after at least 21 people, including nine children, froze to death in their vehicles due to unprecedented snowfall and rush of tourists to the picturesque town in Punjab province.
Auto companies are looking forward to the continuation of incentives, including excise duty cuts, given in the two stimulus packages in the Budget 2009-10.
Individual tax payers will save only Rs 1,000 more a year following the government raising the tax exemption threshold by Rs 10,000 to Rs 1,60,000, whereas the benefit for senior citizens (65 years and above) will be higher at Rs 1,500.
Issues such as the economy's health and the government's ability to produce an environment where jobs are available are not of particular concern to us as voters, asserts Aakar Patel.
Union Health Secretary Rajesh Bhushan reviewed the status of passengers coming from the UK to India and found positive in Maharashtra, Karnataka, Telangana, Tamil Nadu, West Bengal, Goa, Punjab, Gujarat and Kerala and their response measures in a meeting held through video conferencing.
China had earlier this month announced up to 9 per cent rebate on exports of steel products to boost the shipment and production of the commodity. The Indian steel industry, along with its global counterparts, had taken strong exception to it and demanded import-restricting measures be imposed urgently.
Defending champions Saurashtra will start their Ranji Trophy preparations with a training camp in Rajkot from the first week of November by strictly following all the state government and BCCI guidelines on COVID-19 pandemic.
The Centre told the Bombay high court on Tuesday that a door-to-door COVID-19 vaccination programme for senior citizens, specially-abled, bed-ridden and wheelchair-bound people is currently not possible, but it has decided to start 'near-to-door' inoculation centres.
With the new pension system attracting lukewarm response from citizens, interim regulator PFRDA today expressed hope that the Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme.
