Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
There are many collateral advantages of taking the tough decision.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
She, however, did not talk of the Congress-Samajwadi Party alliance and sought support for only her party's candidates.
Equity investments are fruitful over the very long 20-year term.
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Across the country, residential projects offering deals have risen 45-50 per cent in the run-up to the festive season and may double further by Diwali and the year-end as realtors attempt to clear piled-up inventory.
Consumer durables and electronics companies are putting the final touches to their festive period plans.
'For the first month, we have only had 5.5 million who have paid the tax.' '40 per cent have paid nil as tax; 95 per cent of the taxation for the first two months has come from only 400,000 assessees.' 'So even now, the tax-paying habit, of paying a marginal or negligible amount, or not paying anything at all, is quite prevalent,' reveals Finance Minister Arun Jaitley.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Over lunch, Finance Minister Arun Jaitley breaks down his Budget. Sheela Bhatt/Rediff.com reports.
Director Justin Lin injects his Fast and Furious vigour to the series, says Sukanya Verma.
Pawar may not be in the Congress and heading a rival party having a love-hate relationship with it. But still he is considered the top Congress leader from Maharashtra, reports Sunil Gatade.
Just 20 years old, Inderlal Kamalsingh Dhurve is a migrant labourer, a part-time farmer, a sole breadwinner and one of four survivors from the group that was mowed down by a goods train near Aurangabad, Maharashtra, 10 days ago, claiming 16 lives.
To mark the anniversary of note ban, the Congress was observing a 'black day'.
The initiative would provide double the relief announced by the states of UP and Maharashtra, the Punjab CM said.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
The bigger worry is that its effects could linger well into the next financial year.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
Shah claimed that BJP was sensitive to the problems being faced by people queuing up outside the banks and ATMs but said they must realise that the step had hurt 'those sleeping over hoards of black money three thousand times more than the people on the streets'.
The govt has a lot more to do then just open bank accounts for the poor in the Jan Dhan scheme.
'No right thinking student of politics can name one state where the BJP gains in double digits.'
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
Education, jobs, health and more: Experts share their wishlist.
Governments must encourage micro-irrigation, use of natural manure and pesticides in a big way. Farm income can be doubled by reducing cost as much as by increasing MSP, says Sanjeev Nayyar.
'The execution has been 100 per cent faulty.' 'The scheme is also a stupid one, a real Tuglaq Darbar scheme.' 'This way of attacking black money is the most ineffective one.'
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
Here is a closer look at politicos who have emerged victorious in the electoral contest of five state assemblies.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
Indian and Pakistani movies, now in New York theatres!
Else, repent when you reach your golden years
'The cash part is the lower hanging fruit compared to the other sources.' 'To attack the cash part of black money, I can't think of anything else but demonetisation.'
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Should you expect 15 per cent return over a period of 20 years? Dwaipayan Bose has the answer
In addition to the problem of long queues at automated teller machines, there would be the problem of guiding new cardholders, especially in rural and semi-urban areas, on how to use those cards, some bankers told Business Standard.
Demonetisation should be judged to have delivered some immediate gain if at least around Rs 2 trillion gets immobilised.
Seeking to woo Muslims as well as upper castes, the Samajwadi Party on Wednesday promised quota in police and other government jobs for minority community, release of "innocent" youths jailed on terror charges and constitution of an upper caste commission in its manifesto brimming with sops.
Changes in threshold not to have a significant revenue impact, say officials
