Over the last two years, despite an amnesty scheme, only about Rs 2,500 crore of taxes have been recovered.
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
Here's everything you need to know about the Goods and Services Tax Bill.
"As president, I can put no other consideration before the well being of American citizens," said Trump as he announced his decision to withdraw from the Paris agreement.
'The professional or the freelancer needs to pay taxes from his pocket first and then wait for payments from his clients.'
The Rajya Sabha on Wednesday took up the four bills related to the GST, with the Opposition urging the government to insulate taxpayers from harassment and questioning how the new regime was "ideal" when 40 per cent of the revenue base of the GDP was kept out of its purview.
The Budget sets out a comprehensive vision.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
Arun Jaitley had a tough fiscal hill to climb.
One can see the scale of recalls going up as the market expands.
A recent survey done by indianboards.com suggests that around 283 directors will retire by October this year.
The very design of the GST will bring in revenue buoyancy.
Indrani is easily the most striking woman arriving in the court complex from jail on trial days. For those who don't know who she is, there is absurd puzzlement written large on faces when they bump into her. When she reaches or leaves the premises, one notices heads swivelling in jaw-dropping curiosity, as did a pair of transsexual undertrials who crossed her path at the last hearing of 2018, who were, not surprisingly, a less unusual sight than Indrani.
Here's everything you need to know about the Goods and Services Tax Bill.
'Start Ups have to be really careful of the kind of talent they bring in, and the tone and culture they set.' 'It's absolutely crucial that the people we hire are motivated go-getters who can align with the company's long-term goals, culture and values.'
Private investment will respond only to sustainable reform.
Nowhere on the planet, nowhere in mankind's history has such an idea taken the concrete shape in form of a law. The National Food Security Bill, which will come via ordinance and not after the debate in Parliament, is an incredible economic tool to tackle the hunger of poor Indians. Also, it has already been condemned widely as a political gimmick.
'It will be interesting to see how Dr Patel handles gadflies with the maturity of egregiously petulant three year olds.' 'That Dr Patel does not, in so far as we can tell, cause society matrons to gush like hormonal teenagers can only be a good thing for him.' 'Look where their febrile imaginations and breathless prose took his predecessor.'
'What we are going to see is a large number of white collar jobs getting lost.' 'Job loss can drive people to depression, drugs, alcoholism and even suicide as there is no one to turn to when they are down.' 'There is no in-between now -- things go from a luxurious lifestyle to no lifestyle.'
The Modi government's array of economic policy has been impressive.
Ask yourself these six questions -- perhaps the answers hold the key to your success.
Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."
The apex court's decision, which was handed down in eight minutes, has dashed any hopes for the Jayalalithaa aide to become CM.
The government has provided a long-term vision.
The call to make brand ambassadors accountable has rattled filmstars and sports stars.
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
More lucrative routinely prescribed drugs are at higher risk of failing quality standards
Shreekant Sambrani is confident that today's adversity will make the country emerge even stronger
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
Soon after acquiring strategic management control of Vijay Mallya's crown jewel, United Spirits, Diageo has swung into action, making up for years of lost time in trying to figure out the Indian market.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
