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 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
The Budget sets out a comprehensive vision.
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.
The government has provided a long-term vision.
Both Houses were adjourned multiple times as Opposition members kept on shouting slogans against the PM.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Budget in the medium term aims to kick-start the investment cycle.
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."
Taxpayer satisfaction is a part of the matrix of key performance indicators of the administration.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
'The finance minister and the government have met the immediate challenge. The wine this time is new and also in a new bottle, which, though not full, is less than half empty.'
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Mohandas Pai took part in an hour-long chat on rediff.com
Single window clearances for realty must.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
Boost to dairy sector will generate jobs
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
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