The order in favour of Vodafone is being considered significant because some domestic companies too are involved in similar transfer pricing cases.
The growth in imports was led by product categories such as diagnostic items, ultra-sonogram machines, MRI and ECG apparatus, syringes with needles, suture needles, digital thermometers, malaria diagnostic kits, and hearing aids.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
GST will also make our exports more competitive and also provide a level playing field to domestic industry to compete with imports, the President said.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
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.
GST will lead to consolidation of multiple indirect taxes
They help diversify portfolio and are less risky.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
India is working towards policies and regulations that would encourage non-cash payments.
Increase in service tax would make properties costlier to buyers.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
The Budget sets out a comprehensive vision.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
Nearly 100 foreign funds have been asked to cough up an estimated $5-6 bn.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
India has been able to attract 40 global smartphone makers to the country -- creating at least 50,000 jobs. But GST could hurt that, discovers Ayan Pramanik.
HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.
'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.
Mayank Ashar, managing director and chief executive officer, Cair India, says the reform momentum should continue and the industry should do its part too.
Exemption limits, standard deduction on radar.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Budget 2014 is a strong first step to slowly re-architecting and reviving our economy and transform India, says Rajeev Chandrasekhar.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
Withdrawals from EPF and NPS to have same tax rates.
Government needs tight control over both expenditure and populism.
India Inc is encouraged by a determined Budget.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
Companies feel higher rates in India would not be justified.
The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.
Finance Minister Arun Jaitley presented the Union Budget.
The Budget is remarkably coherent.
The Budget will indicate where the Modi government stands on reforms, growth and development.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
