The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
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'India is doing better than when we took office 17 months ago'.
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
Work has to be done on a war footing from now to implement the GST regime.
Two-page Saral-II form for individual salaried taxpayers for coming assessment year.
The government is planning to extend the electronic modes of tax payment to its own payments platform, Unified Payments Interface (UPI), credit cards of banks, or even a mobile wallet like Paytm.
Parliamentary Standing Committee on Finance Chairman Yashwant Sinha wants the government to first introduce goods and services tax (GST) at the central level and set example for states to implement the indirect tax reform.
The government must, therefore, legislate to automatically allow non-irrigated agricultural land to be used for industrial purposes, subject only to obtaining environmental clearances.
Here are handful of the number of amendments expected and predicted by analysts in the Union Budget for 2013-2014.
The Sensex rose 0.44 per cent on Wednesday, while the broader Nifty edged up 0.54 per cent.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
Singling out the Congress as the only opponent to the GST, the government hopes to pass the bill after the altered numbers in the Upper House, reports Archis Mohan.
This is the lowest investment grade rating.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
"This is completely untrue. Please do not re-circulate such message without checking it with authority," Adhia said.
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long way as their profit touched Rs 1,04,649 crore in 2022-23, according to an analysis of their financial results. These 12 PSBs witnessed 57 per cent increase in total profit compared to Rs 66,539.98 crore earned in 2021-22.
The Centre has taken a major step towards increasing efficiency in decision-making by empowering joint secretaries to report to secretaries directly, officials said on Wednesday.
No, the savings as a result of preferential taxation are marginal but a concession would acknowledge the significant contribution of women to economic growth
The Association for Democratic Reforms slams the Budget proposals on political funding, says they lack teeth and show the "lack of political will" in proposing real reforms.
Foreign portfolio investor (FPI) flows into India may remain tepid in 2022, said a recent note by Goldman Sachs, who now peg the foreign portfolio investment into India at $5 billion in 2022, down from their earlier forecast of $30 billion with risks skewed to the downside. "There has been $15 billion of equity outflows YTD in India already, and the IPO of the largest insurance company has been pushed out. "Additionally, with no mention of India's inclusion in global bond indices in the Union Budget, there are risks to our already conservative base case assumption of an announcement of India's likely inclusion into the GBI-EM Global Diversified Bond Index in Q4-2022," wrote Andrew Tilton, Goldman Sachs' chief Asia-Pacific economist in a co-authored report with Santanu Sengupta and Suraj Kumar.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
Chief Economic Advisor Kaushik Basu sounded a warning bell at the Carnegie Endowment in Washington, DC, last week, saying that big-ticket reforms would probably have to wait to be carried out for the next government, after general elections in 2014.
The National Democratic Alliance won 64 seats.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
India Inc on Monday welcomed the focus on reviving economic growth to nine per cent as also the indications for bold tax reforms, but expressed regret that the Minimum Alternate Tax was raised and Security Transaction Tax was let to continue.
Within six months, outlets carrying Vicks jumped from 60,000 pharmacies to 750,000 general stores. The trade boycott collapsed. Consumers were happy, finding Vicks now at every street corner. A fascinating excerpt from Gurcharan Das's Another Sort of Freedom.
the BJP is pitching for major reforms in the 'taxation regime' in its current form in India.
In the video, Bachchan explains GST as an unifying force just like the three colours in the national flag.
Broad convergence on GST rollout in NDC meet.
C Rangarajan, chairman of the economic advisory council to the prime minister, has called for revisiting subsidies, dividend distribution tax and tax exemptions.
The economic reforms started by Singh as the finance minister in 1991 gave a new direction to India as it ushered in a liberal economy, Gadkari said.
The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.
'The failures of private businessmen have set back the process of market-oriented reform, though that is the only way forward,' argues T N Ninan.
According to the global financial services firm, the recent steps taken by the government provide further confidence that not only is the reforms agenda on track but the pace is accelerating too.
He says a Budget is supposed to be about tax and expenditure. "I think he (Finance Minister Pranab Mukherjee) has outlined significant tax reforms, which will be implemented over the next three to six months."
Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors.
Market hopes govt will hike capital expenditure.
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
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