Workers moving out of agriculture to the rural labour force were largely getting absorbed in construction activities
The International Monetary Fund has expressed concern over implementation of "incomplete" value added tax system in developing countries, saying it will reduce the benefits of the new taxation method as it omits service and other vital sectors.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
The bill was passed by LS last year and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.
He also said GST will take about a year to stabilise.
Gross value added and low investment activity by the private sector remain areas of concern
The statement, issued after the 2-day meeting of the 6-member Monetary Policy Committee of the Reserve Bank of India, also said that recapitalisation of public sector banks along with resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) will create demand for fresh investments.
Moody's has a 'positive' outlook on its 'Baa3' rating on India.
India's GDP had recorded 7.5 per cent growth in the April-June quarter of last fiscal.
manufacturing apparently grew at over 5 per cent.
The much-awaited auction of third-generation (3G) spectrum, essential to launch high-speed value-added mobile telephony services, will not happen this financial year.
Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said.
The Monopolies and Restrictive Trade Practices Commission has issued notices to mobile operators Bharti Airtel, Idea Cellular and Hutchison on a complaint over downloading of ring tones.
The chief statistician feels there should be a rebound after companies integrate and adopt the GST system
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
India's economic growth slowed to 7 per cent in the three months through June from 7.5 per cent in the previous quarter
The company said it had extended financial support to the UK business.
In an internal note sent to employees, TCS said the company had not met its the third quarter internal economic value-added (EVA) target. The company plans to make up for the losses with a cut the variable pay.
India's monthly per capita income, the measure of standard of living, is likely to be at Rs 7,378.17.
"India's economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18," says the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
GST impact: Higher lease payouts may hit airlines, cab aggregators.
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
Product development, though small in size, is one of the fastest growing segments of the offshore services market.
Tsipras asked to keep a discount on value added tax for Greek islands, stretch out defence spending cuts and delay the phasing out of an income supplement to poorer pensioners
'From the time India liberalised in the 1990s, the government has policies are for facilitating the growth of the manufacturing sector.' 'The policies were put in the hope that growth of the manufacturing sector will lead to increased employment,' points out Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
Chief statistician T C A Anant says growth figure might go up once indirect tax data is fully in, however, he agrees that private expenditure is yet to pick up
Only power generation grew faster in 2014 than in earlier years.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
The government is likely to offer a slew of tax sops to telecom operators, including asking state governments not to levy sales tax on telecom services, seven years of exemption of revenue sharing on revenues from rural subscribers, etc.
High-speed Internet access on mobile phones, expected to be available by mid-2008, is unlikely to set Indian telephony on fire.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances