'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
Steep taxes on petrol and diesel add to the cost of economic activity and reduce the Indian economy's competitiveness. The two fuels must be brought under GST's purview, suggests former IAS officer Ajay Shankar.
The views are stunning, the skies are blue, the forests are lush and, wonder of wonders, thanks to the discipline of the tea estate, even man isn't vile, discover Renu Bahal Wadhwa and T C A Srinivasa Raghavan after a trip to Kerala's breathtakingly beautiful hill retreat.
Goods and Services Tax would usher in an unified indirect tax regime.
China has been trying to build lobbies of influence and mould public opinion in India since at least 2017, and large sums have been invested in the effort, reveals former RA&W officer Jayadeva Ranade.
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
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The move is expected to delay the introduction of low-priced medicines in the market.
Import duty on PVC, at 7.5%, is far lower than that prevailing in comparable economies.
'To identify with the common man, Modi had to look like one.' 'The disastrous suit with his name written on it never made its reappearance.' 'Frequent dress changes during the day, which led Arvind Kejriwal to calculate that Modi spent crores on his attire ever year, too stopped.' 'Instead, a newer Modi emerged: Humble and eager to serve.' Narendra Modi has cleverly repositioned himself as a man of the masses in the past three years, says Aditi Phadnis.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
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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.
The government announced several incentives in the five-year Foreign Trade Policy.
Here are some tips to help you crack the Staff Selection Commission Combined Graduate Level Examination.
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
FBT was an unpopular tax and withdrawn before the General Elections in 2009
Sources said while the Janata Dal-Secular will have nine new ministers, the Congress will have nearly 12 of its legislators inducted into the cabinet. Lone Bahujan Samaj Party MLA N Mahesh will also be a part of the cabinet expansion and will be given a key portfolio.
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
Fourteen ministers are from the Congress, nine from its ruling coalition partner Janata Dal-Secular and one each from the Bahujan Samaj Party and the Karnataka Pragnyavantha Janatha Party.
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
Noting that oil prices had gone down after the BJP-led government came to power in May 2014, before they went up, Prasad said it is a problem whose solution is not in its hands.
In the World Bank's rankings on the "Ease of Doing Business" India stands at 139 out of 189 economies surveyed in 2014; its position has in fact dropped from 131 last year.
The Madras High Court on Wednesday directed its registry to post a PIL seeking regulation of various clubs and questioning the dress code imposed by them in the backdrop of denial of entry to a dhoti-clad Judge by TNCA Club in Chennai to some other bench.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
11,292 km. 20 million (Nitish Kumar says 30 million) Biharis. 45 minutes.
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
IT companies see this as a huge opportunity.
Indian economy about to take-off
"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.
Chief Economic Advisor Arvind Subramanian's interview.
The minister said any declaration made under the law will be protected
Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.
