GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
India is working towards policies and regulations that would encourage non-cash payments.
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Govt expects 15.8% growth in revenue collection this year.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
Experts will give their inputs for Budget.
The government is scrambling to contain the fiscal deficit at 4.1 per cent of GDP in the fiscal year ending March
Assocham said even if an investment revival were to happen, it would be a time lag of at least 18 months before it reflects in the manufacturing sector.
The country had imported 5.5 million tonnes of pulses last year.
Declining crude price translates into lower under-recoveries for OMCs
NDDB had helped dairy farmers direct their own development, placing control of the resources they created in their own hands.
January inflation may undershoot RBI's 6% target.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
In a sharp attack on the Narendra Modi government, BJP leader Arun Shourie on Monday contended that it believes that managing economy means "managing the headlines" and that people had started recalling the days of former Prime Minister Manmohan Singh.
Arun Jaitley addressed a post-Budget press conference.
Pahal looks to cut down diversion and eliminate duplicate.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
The committee would submit its report in the next two weeks.
Earlier, the RBI cut its policy interest rate to 6.75 per cent.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
GST reform has been hanging fire since 2006-07.
In another somersault, the BJP MP claims Arun Jaitley looks smart in a suit.
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
The arrival of the June-September rains has been delayed.
Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics, was informally recommended to the post by Finance Minister Arun Jaitley.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
Middle class constituted about 49 per cent of the total tax payees in financial year 2011-12
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.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
A tightrope walk ahead, especially as govt's fiscal deficit has already reached 99% of full-year estimates
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
'Urjit Patel was not quite the picture of courage, but even he turned, he had to turn.' 'Perhaps there is something that is far more sinister than what we are aware of, which is the reason for his resigation.'
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
'With 27 days to go, the total bank deposits has come tantalisingly close to the Rs 14 lakh crores of banned notes which was in the financial system on November 8.' 'Black money hoarders may have actually laundered their black money into white,' argues Rajeev Sharma.
The best of India's brains are instead busy solving the world's problems (I deliberately exaggerate a bit to drive home the point), as our policies incentivise them to do so.
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