FinCom prescribes scrapping of effective revenue deficit.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
The sources said consultations with some of the ministries have been undertaken and the state may soon witness the end of governor's rule.
Union Finance Minister Arun Jaitley on Friday assured Chief Minister-designate N Chandrababu Naidu that all commitments made to residual Andhra Pradesh will be fulfilled.
Kerala Chief Minister Pinarayi Vijayan, along with his ministers, sat on a dharna in front of the Reserve Bank of India office in Thiruvananthapuram protesting against the Centre's move to "destroy" the cooperative sector in the state under the cover of demonetisation process and also took pot shots at Prime Minister Narendra Modi.
The reshuffle may take place before Modi departs for China to attend the BRICS summit.
She says her priority areas would be military preparedness, defence indigenisation, and the welfare of soldiers.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
Exports dipped for the 14th month in a row.
The PDP chief visited New Delhi on Monday and has reportedly called a meeting of party legislators to brief them about her talks with BJP leaders.
Bank reforms positive but implementation a risk, says Fitch.
Mehbooba said Article 370 was a bridge between the Union and the state.
Jaitley said the government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions.
Gandhi accusing the minister of 'lying' on HAL's capability to build the jet fighters, saying her position is untenable.
The disagreement between the Centre and states continued over administrative powers.
RBI will take a cue from the Fed policy statement.
With the creation of the state of Telangana, additions were made to ToRs of the 14th Finance Commission to make recommendations for the newly created states after the reorganisation of Andhra Pradesh.
Jaitley said Modi government has put decisiveness and transparency on forefront in face of obstructionism.
Dining and drinking out will be expensive.
The government, he said, will leave no stone unturned to bring to justice anyone indulging in financial irregularities.
This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.
The FinCom has recommended a record 10% increase in states' share.
The budget is "farmer friendly, common citizen friendly, business environment friendly" and will add to 'ease of living' and 'ease of doing business', Modi added.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
The home ministry has deputed three top officials to be in touch with state governments to ensure security of banks, ATMs and cash transporting vehicles.
"A solution has been put on the table. It is for Andhra Pradesh to decide whether they want the resources or they want to make an issue (out of it)," he said.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
The move is a continuance of the government steps to clamp down on black money.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
'You cannot treat workers like beggars.'
As the BJP does soul searching for its humiliating defeat in Bihar polls, senior party leader Arun Jaitley on Monday admitted "irresponsible statements" made during elections "changed the narrative".
The day-long conference will be chaired by Finance Minister Arun Jaitely and presided over by both Food Minister Ram Vilas Paswan and Agriculture Minister Radha Mohan Singh.
Dubbing such incidents as "terrible", the senior Bharatiya Janata Party leader, however, said that they are "rare" in a large country such as India.
Goyal's move was criticised by the Opposition saying with general election months away, the Prime Minister Narendra Modi-led government had mandate only to present a vote on account and a Budget containing direct tax proposals.
Mayawati alleged that the prime minister had crossed all limits of decency in terming the Bahujan Samaj Party her personal property.
'The Centre should take the matter seriously and ensure creating an opportunity to Srabani Nanda and Amiya Mallick to participate in the Rio Olympics'
Union minister Nitin Gadkari will head a committee which will reach out to social and volunteer organisations while his Cabinet colleague Sushma Swaraj will head a group that will produce literature for the polls.
Priority right now, the defence minister said, is to restore normalcy.
Trading would be conducted during normal hours.
Jaitley said returns from the stock market are quite attracting and it was time to bring them under the ambit of capital gains tax.
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