The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
From banking reform to financial reconstruction, the bullet train, Navi Mumbai airport, choosing a new medium fighter aircraft to be made in India... time is running out for Modi. How could a leader as energetic and astute as Modi have left it for so late, asks Shekhar Gupta.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
The central bank dashed hopes of any steep interest rate reduction.
The apex court also observed that the compensation is not the remedy for the suicides.
The government's stance in the face of uncertain prospects for the private sector has been that public sector investment will drive the system.
'This prime minister thinks he knows everything.' 'He has to consult, he has to talk and he has to mobilise the best people, but having seen him function, I have no expectations from him.'
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
The progress we made in recent past should not detract us from making further structural reforms: Rajan
The government must set up a Bank Investment Company to shrink its role in PSBs, if we are serious about tackling the two persistent issues - lax corporate governance practices and discretionary decision-making, says Shyamal Majumdar.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Economists have long argued that they shouldn't be expected to predict crises, such as the one that almost sank the global economy five years ago.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
Shortly after the Union Budget was announced, political leaders from across the spectrum reacted to it. Here's what some of our leaders said.
The repo rate could be reduced by 50 bps in the current year.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
We should work in unison to boost growth: FM
At least five state-run banks on central bank's radar for lax credit appraisal
The Congress chief said if his party is elected to power, its government would spend 6 per cent of the GDP on education.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
Asked whether the IAF can play a role in smashing terrorist training camps across the Line of Control in Jammu and Kashmir, he did not rule out such a possibility.
The Congress has raised several questions on the Rafale deal, accusing the government of compromising with national interests.
Farmer suicides have nearly doubled in the drought-hit Marathwada region of Maharashtra.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
While Mumbai is home to India's costliest real estate, Thane is the fastest growing housing market in the country
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
The author finds out if India's love affair with Old Monk has ended
Chief ministers of states like Andhra Pradesh, Kerala and Karnataka were among those who raised the issue of loan waver scheme for farmers.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
'You need to polish your skills and be prepared to be an asset in the 'new normal' work environment.' 'Access MOOCs (massive open online courses) and keep your brain razor sharp, despite not having a job offer or having your job offer rescinded.'
Thousands of homeowners across housing projects owned by Jaypee Infratech and the Amrapali Group are running out of options. Jaypee Infratech and Amrapali are among the 12 big corporate loan defaulters against which the RBI has ordered initiation of insolvency proceedings.
A year ago, India's #MeToo movement witnessed women across India speak up against sexual harassment. Nikita Puri assesses what, if anything, has changed.
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