While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow collection is the tax cut.
Farm loan waiver has been presumed to be inflationary. But the short-term consequences are likely to be quite deflationary.
Admitting that prices of sugar, pulses and vegetables are rising, the government today said it is planning to increase the subsidy for distribution of pulses through ration shops to provide relief to the common man.
Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.
Sitharaman said economic slowdown seems to have bottomed out and the coming festive season will help the economy start looking up.
Each of FIFA's 211 member associations would receive $500,000 in the coming days as well as any remaining entitlements for 2019 and 2020, it added. The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.
'This pandemic has given him a new platform to perform,' says a member of the government. 'He should feel lucky that he has got an opportunity now to demonstrate to the world his original talent.' 'He needs a visionary script to perform.' Sheela Bhatt reports on the politics of the pandemic.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
'You will still want to take all the necessary precautions, which is the right thing to do.'
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
Assam government has decided to create the Special Branch of police department as a separate autonomous body and form a Research and Analysis Centre for socio-economic and cultural developments in the state.
'Your strike rate is very important when it comes to seat-sharing.'
Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
"The outlook for exports in 2008-09 may not be as bright as in the past few years with lower projections in world GDP and world imports and exchange rate developments," according to the pre-Budget Economic Survey tabled in Parliament.
The court decided the bail petition on three grounds -- flight risk, tampering with evidence and influencing witnesses.
The implementation of four labour codes in one go from April 1 next year will usher in a new wave of reforms in industrial relations and also help in attracting more investments but employment generation will remain a key challenge in 2021. This year has also been a challenging year for the work force as well as for employers due to the outbreak of the COVID-19 pandemic. The government imposed a nationwide lockdown from March 25, which had an adverse impact on economic activities and resulted in exodus of migrant workers from large cities to their homes in the hinterland. Many migrant labourers lost their jobs and it took months for them to return back to their work places from their native places.
Ravi was arrested by a Cyber Cell team of the Delhi Police from Bengaluru and brought to Delhi. She was currently in police custody.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
Mihir Bhat, fellow at the Harvard Humanitarian Initiative and Director of the All India Disaster Management Institute tells rediff.com's Vicky Nanjappa that the youth of the country will swing into action to see what gets done on the ground.
The government may look at relaxing 5,000 hectare-ceiling on land for Special Economic Zones once the the Land Acquisition Act is in place, commerce secretary G K Pillai said on Monday. "Now that the new Relief & Rehabilitation policy has come into being, the government may think of relaxing the upper limit of 5,000 hectares for SEZs (once the land acquisition law is enacted), he said on the sidelines of the India Economic Summit.
Rejecting criticism of tardy relief operations in flood-ravaged Uttarakhand, Union Finance Minister P Chidambaram has said government was making all efforts and complimented armed forces personnel for their untiring efforts in rescuing the stranded people.
'The Supreme Court has laid out some very important principles.' 'Let us see if the government will try to circumvent it and subvert the very essence of these principles or if it will comply with the order in the right spirit.'
While bankers and experts expect the lending rate to fall by about one percentage point in the near-term, the Prime Minister's Economic Advisory Council has strongly pitched for rate cut by the RBI in its monetary policy review later in the month.
In his opening remarks at a ministerial meeting in Tokyo of the Quadrilateral coalition, also known as 'Quad', External Affairs Minister S Jaishankar said India remained committed to a rules-based world order, respect for territorial integrity and sovereignty, and peaceful resolution of disputes.
In the 2020-21 Budget, the prime minister and the finance minister are keen to stamp their narrative, after various rollbacks following the previous Budget, said top government sources. Besides the scheduled meetings, the sources said, the Prime Minister's Office is expected to hold several meetings with top secretaries and officials on various ongoing schemes, their performance and also how some of them could be tweaked for better results.
'There are voters that may only come out to vote for him because he's speaking to their issues and they may not be Democrat or Republican'
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
Modi also berated the Rashtriya Janata Dal-Congress combine in Bihar, calling it an alliance of "double-double yuvraj" (two crown princes) whose sole concern was to protect their "respective thrones".
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
Trump, however, said that the move will not have any impact on those entering the country on a temporary basis.
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
Earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge
Ahead of the G20 Summit, Prime Minister Narendra Modi met his Japanese counterpart Shinzo Abe in Osaka, Japan and discussed a range of issues of mutual interest.
After a strong opening this morning, following a fairly satisfactory Budget on Monday, and positive response from industry, the bourses clocked in gains, with the Auto index leading the gains, mostly.
While the number of active COVID-19 cases stood at 7,409, as many as 764 people have been cured and discharged, and one had migrated, it said. Of the total 273 deaths, Maharashtra tops the tally with 127 fatalities, followed by Madhya Pradesh at 36, Gujarat at 22 and Delhi at 19.
The organisers of the US Open said on Thursday a decision on whether to hold the Grand Slam this year amid the coronavirus outbreak will be made in June, and playing it without fans is on the table but highly unlikely. The US Open, which is scheduled to run from August 31 to September 13, is both the largest and loudest of the four Grand Slam events on the tennis calendar and United States Tennis Association (USTA) chief executive Mike Dowse does not anticipate that changing.
'The last four years was not Dravidian rule, it was BJP rule by proxy.'
