It's important to make the penalty system an effective deterrent to ensure greater efficiency in the tax system, says M Govinda Rao.
There is a need to bring in legal/constitutional changes, reforms in central tax system and state tax systems, said M Govinda Rao, director, National Institute of Public Finance and Policy.
Vir Das's 'Weirdass Prt A Funny' collection caused a laugh riot at Lakm Fashion Week Winter/Festive 2015.
A look at the top tweets from your favourite Bollywood celebrities.
Pakistani singer Adnan Sami has been granted Indian citizenship on humanitarian grounds.
India and Nepal on Friday launched their crucial two-day home secretary-level talks in Kathmandu. The two sides are expected to ink an extradition treaty and formulate a border security and management strategy. Home Secretary G K Pillai, who arrived in Kathmandu on Thursday evening, commenced the bilateral security meeting with his Nepalese counterpart Govinda Kusum and is likely to seek tough action against those carrying out anti-India activities from this country.
Although not intended as fiscal stimulus, the unprecedented fiscal expansion during 2008-09 and 2009-10 did help in combating the economic slowdown, but it cannot continue and measures must be initiated to chart a route for fiscal consolidation.
The government will have a tough time correcting its financial course from the current high level of fiscal deficit, unless it decides to raise taxes or cut spending, said Prime Minister's Economic Advisory Council (PMEAC) member Govinda Rao.
Here's what caught our eye at the movies this year.
On her 55th birthday today, Sukanya Verma celebrates one of Bollywood's most cheerful celebrities and her 10 amazing talents.
The revenue foregone due to tax incentives in 2009-10 is estimated at Rs 5,40,269 crore.
The Prime Minister's Economic Advisory Council on Wednesday favoured further increase in petroleum prices in line with the global trend.
If Pahlaj Nihalani glanced back at his own filmography as producer, by his own brand new standards; the man would have a hard time approving the extent of vulgarity and provocation they contained.
We realised this is a favourite Bollywood theme, and so decided to take a look at some memorable recent films about marriages on the rocks.
A look at the guest arrivals.
The Prime Minister's Economic Advisory Council member G Govinda Rao on Thursday said the Reserve Bank can raise the key rates ahead of its April 20 annual monetary policy to tame the high headline inflation.
Indian men's hockey coach Harendra Singh wa, on Wednesday, sacked from the position following a disappointing 2018 and offered the task of helming the junior squad by the national federation.
The massive crowds of devotees in temples, elaborately decorated tableaus and Dahi Handi revelry were all missing this year on Janmashtami, the birthday of Lord Krishna, as celebrations were dampened by COVID-19 restrictions.
Daredevilry is second nature to Bollywood actors. Be it riding horses, leaping off cliffs or sprinting atop moving buses and trains, the crazier the better. You can only imagine how much adventure sports appeal to the adrenaline junkie in them.
Pati Patni Aur Woh cannot decide whether it wants to be the climax of a Priyadarshan comedy or give the cad a dose of his own medicine brand of cheeky payback, writes Sukanya Verma.
Here are some truly awesome pairs who ought to work again, no matter what.
Lara Dutta plays supermodel in the David Dhawan film Do Knot Disturb. She tells us about the film.
Hand it to these good-bad guys for layering dark characters with sex appeal and spice is no mean feat!
'My parents once went to watch Rajkumar Kohli's Insaniyat Ke Dushman. In the film, I "rape" Anita Raaj. My father was very upset. My mother left the theatre. Years later, my father asked me to do a positive role with a heroine like Hema Malini. Unfortunately, I never got to do that. I played her brother-in-law in Satte Pe Satta. Now in Ramesh Sippy's Shimla Mirch, I am romancing her but my father is not alive to see it.' Shakti Kapoor, straight from the heart.
A good tax system should minimise the cost of collection, compliance cost and the cost to the economy in terms of the distortions it creates while generating revenues.
The Reserve Bank may raise key policy rates by up to 50 basis points in its July 27 monetary policy review to check double-digit inflation, said a member of the Prime Minister's Economic Advisory Council.
We asked readers what they would do if they had only three years to live life to the fullest? While the contest closes on November 23, here are some more interesting responses.
Veteran actor Mohan Joshi, Dasmodar Ganesh Bapat, who is working towards eradication of leprosy, and L Subadani Devi, Manipur-based weaver, were among those presented with Padma Shri.
Having recorded about 9 per cent growth rate in three consecutive years since 2005-06, India's growth rate fell to 6.7 per cent during 2008-09 on account of the impact of the global financial crisis. India recorded a growth rate of 6.1 per cent during the first quarter of this fiscal.
Sushmita Sen on her latest movie, working with Govinda and fighting with Lara Dutta.
India grew at 6.7 per cent in 2008-09. For the current fiscal 2009-10, the Economic Survey projected a 7 per cent growth rate plus/minus 0.75 per cent.
Sukanya Verma lists significant memories in our 1996 recap.
Ragini Khanna talks about playing a man trapped in a woman's body in Sony Television's new show Bhaskar Bharti.
We ask you, dear reader, which is Bollywood's best dance number of all time?
There have been a lot of instances, when film titles have been picked from hit songs.
Prem Leela singer Aman Trikha tells Rediff.com contributor Rajul Hegde his journey to success.
All the trivia about Salman and his directors.
