The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Ahead of the Budget, Finance Minister Arun Jaitley on Tuesday underlined the need for tax reforms and quick decision making to ensure stability in policy regime.
But the finance ministry has justified the action saying laws can be amended retrospectively through 'validating legislation,' which is legally permissible.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
The state has extended its full support, provided its revenues are protected.
The Central revenue department is inquiring into the payment of service tax by the event management firm which had organised the controversial Thinkfest on behalf of the Tehelka magazine.
The Central revenue department is inquiring into the payment of service tax by the event management firm which had organised the controversial Thinkfest on behalf of the Tehelka magazine.
Banks asked to maintain record of cash being ferried in these vehicles all the time
A firm, which managed Prime Minister Narendra Modi's hugely successful Lok Sabha campaign, has come under the scanner of revenue authorities for alleged service tax evasion.
Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.
Tina, 22, a graduate from Delhi's Lady Shri Ram College, topped the 2015 civil services exam securing 1,063 marks (52.49 per cent) out of a total of 2,025-comprising 1,750 of main and 275 of interview.
Continued lack of consensus at next meeting could cast shadow on GST rollout by April 1.
The government on Wednesday reduced the import tariff value on gold to $425 per 10 grams due to falling international prices.
After Mumbai Police commissioner issued the directive, the police commissioners of Thane and Navi Mumbai followed suit citing concerns of 'serious crimes' and 'law and order disruptions'.
Dry days in the state to be restricted to three national holidays only.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
GST reform has been hanging fire since 2006-07.
India's tax authorities began investigating Cadbury in 2011.
The government on Friday slashed the import tariff value on gold and silver to $405 per ten gram and $642 per kg, respectively, in line with global trends.
A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
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The Finance Ministry has asked tax evaders to pay their dues or face necessary action.
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
Arrest warrants have been issued against Minister of State for Excise and Prohibition Surendra Prasad Yadav.
A mob started throwing slippers and brickbats, and chased Excise minister Shivanand Tiwari.
Chidambaram to meet revenue boards on how to get much more and quickly; special audits and notices among measures likely.
The government on Friday hiked import tariff value on gold to $401 per 10 grams and on silver to $543 per kg in line with global price trends.
