"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
Stricter norms of corporate governance under the Companies Act 2013 as well as increasing application of technology for early detection of frauds through data analysis surveillance and usage of forensic tool are among the other steps taken by the government to prevent fraud by companies, Jaitley said.
'I expect fourth quarter GDP growth to be sharply down.' 'I would imagine it would shave off at least one percentage point, if not more, as compared to the third quarter.'
The Centre and states are likely to settle for this threshold.
'It is important to improve the quality of spending.'
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
Stocks and sectors impacted most by GST.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Overseas airlines can operate unlimited number of flights into and out of India.
A moderate GST rate obviates the need for the two-rate structure.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Gujarat has topped with a score of 71.14% on ease of doing business list.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
A quick bounce back of the Chinese stocks looks improbable now.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
Current Account Deficit is projected at 1.2 per cent and 1 per cent of GDP in 2014-15 and 2015-16.
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
Airlines likely to be allowed to operate with smaller aircraft.
GST will yield 'better value for money' for car buyers, increasing automobile industry demand, says Sandip Neogi.
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
A rising number of Greeks in rural areas are swapping goods and services in cashless transactions.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
The recognition that content - video in particular - will be the next big thing in the telecom wars requires no rocket science.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
In recent past, midcap stocks have performed well, say experts.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
The Punjab government blames the slow growth on tax concessions in neighboring Himachal Pradesh and Haryana's proximity to Delhi.
A strong proponent of the GST, Adi Godrej has been saying for five years or more that it will add one per cent to India's gross domestic product (GDP).
Govt may not announce any new concessions in excise duty
The present tax revenue of the state is Rs 120,000 crore.
Here's a look at some of the key contenders to be part of the Delhi Cabinet
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