It has always been accepted in various apex court rulings that economic policy is not justiciable. It can intervene only if the legislation is seen to violate fundamental rights says Sukumar Mukhopadhyay.
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
.jpg)
According to a study by Central Institute of Post Harvest Engineering and Technology, Punjab, every year, 18 per cent of fruits and vegetables worth Rs 44,000 crore (Rs 440 billion) are wasted.
Sunanda K Datta-Ray considers them sound in theory, but incapable of making any dent in the corruption that is India's way of life.
Lt Governor Najeeb Jung, who is now administering Delhi after President's rule was imposed, on Tuesday made it clear that none of the decisions and initiatives taken by the Aam Aadmi Party government will be scrapped, including the 50 per cent subsidy on power tariff.
Experts share their views on the steps that will help businesses become GST-ready.
Seven people have been arrested after anti-narcotics sleuths and Haryana police busted a suspected Christmas-eve rave party being held at a farmhouse in Mewat district on the outskirts of Delhi.
Any government aid to the airline will ultimately hurt the economy
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
The information and broadcasting ministry's business-like and result-oriented handling of several issues has set a template for other ministries to follow, says A K Bhattacharya.
In his statement, the star said that a false case has been registered against him and said that he wasn't drunk when the accident took place and neither did he run away from the spot.
GST rates would depend upon whether the commodity is used by a rich person or a common man
The very design of the GST will bring in revenue buoyancy.
Rama Krishna Sangu, partner, Manohar Chowdhry & Associates, Chartered Accountants, and a member of the Indirect Tax Committee of ICAI, fielded readers' questions on GST on Rediff Chat.
Appearing on Rediff Chat, G Srikanth, partner in GSV Associates, Chartered Accountants, Chennai, and member of the Institute of Cost and Management Accountants, answered readers' queries on the Goods and Services Act.
A rate cut will bring positive sentiment around the Budget.
'To identify with the common man, Modi had to look like one.' 'The disastrous suit with his name written on it never made its reappearance.' 'Frequent dress changes during the day, which led Arvind Kejriwal to calculate that Modi spent crores on his attire ever year, too stopped.' 'Instead, a newer Modi emerged: Humble and eager to serve.' Narendra Modi has cleverly repositioned himself as a man of the masses in the past three years, says Aditi Phadnis.
In a maiden initiative, the Election Commission has introduced e-filing of affidavits by candidates for the forthcoming Lok Sabha and assembly polls.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
Forty years on, ironically, the managerial attention to new businesses has meant almost 40 per cent of revenues now come from the non-tobacco business.
Revenue from service tax, which has become a new focus area for Finance Ministry, has grown up substantially by over 300 times in past about two decades.
Meet Jasmeet Singh Sandhu who ranked third in the Union Public Service Commission exam this year.
The Budget sets out a comprehensive vision.
The ripples from November 8 may be seen in next year's state budgets.
IDS-2 and raids to uncover black money stash keep receipts flowing
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
India Inc expects the RBI to cut interest rates by early next year.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
There were heightened expectations from Budget 2017 after the impact of note ban on different sections but most remain unfulfilled.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
The time the companies have to get ready for GST is 6 to 12 months.
Aditya Thackeray may want Mumbai's shops and restaurants to remain open 24x7 but the Maharashtra government won't be okaying it in a hurry, says Neeta Kolhatkar.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Let Bihar be damned under its contradictions of having gone 'dry' and then having been submerged under flood, which is a recurrent phenomena? After all it is a godforsaken land, having lost its promises of overcoming its problems, says Mohammad Sajjad.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
The finance minister defended the change in the tax rates.
The Budget decides to take the lead in revving up infrastructure.
It is time to take a few macroeconomic risks to kick start the growth.
