Jaitley mentioned that the use of technology has helped in improving the system of filing income tax returns and expeditiously providing refunds
Political uncertainty coupled with the absence of buying support and increased selling from foreign institutional investors and local operators pushed the benchmark CSE-40 index down by 8.98 per cent at Calcutta Stock Exchange on Monday.
Following the victory of the Bharatiya Janata Party in Gujarat and Himachal Pradesh, reactions poured in from various leaders across the political spectrum.
The Washington-based Institute of International Finance on Thursday said that Indian government should reduce its role in banking system and further liberalise policies to attract more foreign direct investment.
Members of a UN Commission on 'Private Sector and Development' have commended the model of economic reforms followed by India
Terming the investment climate in India as 'very favourable,' NRI industrialist Lord Swraj Paul has said that 'too much' was being made out of the criticism by Left party allies of the United Progressive Alliance government policies.
The government is committed to taking India forward on the path of modernisation and industralisation to make it a superpower of knowledge economy," said the prime minister.
'... That they should emerge as role-models to be emulated by the fellow countrymen; and that the middle classes should not stick only to hate-filled and scornful criticism and condemnation against the state of affairs,' remembers Mohammad Sajjad.
In the mid-1980s, India and the US struggled to arrive at sufficient confidence for Washington to even sell a supercomputer to India for monsoon prospecting. Now, the most sensitive military technologies, data, and intelligence resources are being shared. This would not have happened without that one, big deal that changed the fundamentals of India-US relations, notes Shekhar Gupta.
Prime Minister Manmohan Singh said on Thursday that the United Progressive Alliance government will create a single market for manufactured and agri-products
'A close relationship between India Inc and the government cannot help the BJP win elections.' 'While Opposition parties may feel good about Mr Bajaj criticising the Modi regime, the BJP should be seeing the indictment as a political boon,' says A K Bhattacharya.
India, whose economy is tipped to grow by 7 to 7.5 per cent in 2005-06, on Monday said the projection was not an outcome of mere wishful thinking, but based on aggressive agenda for economic reforms.
Merrill Lynch has downgraded India to "market weight" category and said the near term disappointment could accelerate selling that has until recently been rather modest.
'With such brilliant people like Dr Manmohan Singh, Pranab Mukherjee and P Chidambaram around, our \n\neconomic agenda will be the best,' says Congress leader Jairam Ramesh, who is in charge of drafting the \n\nnew government's Common Minimum Programme.
Concerned over the ouster of the BJP-led NDA government, Malaysian companies fear the new government may go slow on the economic reforms which will be a setback to their billion dollar infrastructure projects in India.
The Cuban government has announced nine days of mourning and has set Castro's funeral for December 4.
India's economic reforms and its efforts to attract foreign investment put it in the "limelight", but it must do more to attract foreign investors, John Peters, the minister counsellor for commercial affairs, embassy of the United States of America,
Home Minister Rajnath Singh, Information and Broadcasting Minister Smriti Irani, Uttar Pradesh Chief Minister Yogi Adityanath and Uttarakhand Chief Minister Trivendra Singh Rawat reached the poll-bound state besides Union ministers J P Nadda and Thawar Chand Gehlot, and Bihar minister Mangal Pandey, who are already camping here.
The World Bank has approved the Second Andhra Pradesh Economic Reform Loan worth $220 million, to back the state's efforts to achieve better socio-economic outcome and reduce poverty.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporatehonchos continue to line up to express their intention to invest in India.
Services sector slowed down in May on weak economic factors.
Modi also reached out to traders, saying their past records will not be checked by the income tax department if they join the formal economy by getting themselves registered under the GST regime.
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
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