The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
Park only savings that need not be touched for many years, says Devangshu Datta.
India's latest GDP numbers do not signal robust economic growth in near term.
Managing expectations is a challenge for policymakers.
Even as India continues on the priority watch list of the Office of the US Trade Representative, strong voices from Washington, DC, have spoken out in favour of India, reports Aziz Haniffa/Rediff.com.
Western businesses and diplomats in Delhi privately say Modi's reputation as a man of action has been hurt by setbacks on economic reform.
Search is on for reliable indicators of underlying activity.
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
Patricia Hewitt, chair, UK India Business Council and former UK minister, spoke on a number of government initiatives and investment sentiments.
For the seven months since February 2014, the benchmark index surged nearly 27%.
Businessmen love low import duties on their inputs and high duties on their outputs. And the Bharatiya Janata Party has a keen ear for business sentiment.
The hype surrounding the Budget gives it undue importance.
The e-commerce sector gave a much higher average hike of 16-20 per cent to its executives.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
The President said Indian economy grew at 5.7 per cent during the first quarter of 2014-15.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
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