There is much work to be done to design a good GST.
'If such inflows materialise, what will be the effect on the rupee's value -- and therefore on exports growth, the only sustainable path to recovery?', asks Mihir S Sharma.
Tata Consultancy Services (TCS) has bagged -- from the Ministry of External Affairs -- the contract for delivering electronic passports (e-passports), according to sources. This deal is in addition to the second phase of implementing the Passport Seva Program, which the company got from the ministry. Players such as Thales India and HP participated in this deal, which is expected to be of Rs 1,000-1,200 crore.
With the introduction of the single window clearance provision, pre-production windows are expected to reduce significantly. Not only will it have an impact on the operational cost of the film, it will also allow studios to release films faster.
'We get an overzealous army of tax inspectors pushing the economy too hard,' says Ajay Shah.
The rally in index heavyweight ITC has boosted the sentiment across the board.
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
The power ministry is planning to start a second version of UDAY, aimed only at reducing the losses of discoms and improving the quality of power supply.
As the House took up the debate on Motion of Thanks on the President's Address, the Bharatiya Janata Party launched a frontal attack on opposition parties specially the Congress for their stance against the CAA, saying they were trying to divide the nation.
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
Rajya Sabha chairman Jagdeep Dhankhar on Friday suspended Congress member of Parliament Rajani Ashokrao Patil for the remainder of the current Budget Session for filming House proceedings.
HRD Minister Smriti Irani is likely to be the target of Opposition attack in Parliament where Rahul Gandhi will lead the Congress charge against the government on Tuesday.
As cracks began to appear in their ongoing agitation against the agri laws, farmer unions on Wednesday cancelled their planned march to Parliament on February 1 when the Budget would be presented.
But use of that word -- privatisation -- is not encouraged. This seems to be a classic case of reforms through subtle signals, observes A K Bhattacharya.
The brutal incident came to light after a video of the assault went viral. In the video, a group of men is seen thrashing two persons with rubber belts. They later torture one of the victims by pouring petrol on his private parts with a piece of cloth wrapped on a screwdriver.
'While all would agree on the need to be ready to launch cross-border strikes on terror camps, there is sharp disagreement on how best to do it.' 'Through IAF fighters, or surface-to-surface missiles?' 'Or should army Special Forces be created to do the job?' 'If air strikes are the agreed priority, additional funding must be made available for the purchase of fighters and missiles.' 'If it is to be Special Forces, the army must be facilitated in raising a Special Forces Command,' notes Ajai Shukla.
Govt to introduce an hovercraft on the Yamuna river.
Modi govt must bring about reforms to kick-start big-ticket infra projects.
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
The focus is on tapping all resources, even foreign agencies.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
The prime minister also said the government has offered to discuss clause by clause of the three farm laws and if there are any shortcomings it was ready to make changes.
The I-T Department had identified 1.8 million taxpayers in its Operation Clean through data mining and asked them to submit responses about the source of their deposits.
Data captured in central government records have a lag.
President Ram Nath Kovind on Friday strongly defended the three new agri laws saying their benefits have begun reaching 10 crore small farmers instantly, and condemned as 'very unfortunate' the Republic Day violence and 'dishonour' to the tricolour during the tractor parade by the protesting farm unions in New Delhi.
Finance minister Pranab Mukherjee had a brief meeting with Prime Minister Manmohan Singh on salient features of the Budget.
During the debate on the 'Motion of Thanks on the President's Address', Leader of the House Piyush Goyal and Union Finance Minister Nirmala Sitharaman strongly objected to 'insinuations' against the prime minister, who was also present in the House.
With the price of a cylinder touching Rs 800, it's becoming increasingly unaffordable to an already price-sensitive population, threatening to risk one of the most-celebrated campaigns of the Modi regime, reports Twesh Mishra.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
Execs of RIL, Essar, Cairn India, Jubilant Energy, ADAG detained.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
'Our thrust would be on basic facilities first like sanitation'.
The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.
Gandhi accused the ruling Bharatiya Janata Party of bringing back the idea of a 'king of India' that was 'smashed in 1947" and targeted the PM saying that the 'idea of a king is back.."
Instead of mechanically consolidating all labour laws into one, provisions of all labour laws should be relooked in terms of their substance. The irrelevant and archaic provisions have to be fixed, says Aparajita Gupta.
The Rs 12,450 crore capital infusion will enable the three public sector general insurance companies to improve their financial and solvency position, meet the insurance needs of the economy, absorb changes and enhance the capacity to raise resources and improve risk management.
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