'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
The Rajya Sabha approved 15 legislations during the session while the Lok Sabha passed 23 bills, including the GST bills.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
Jim Rogers' decision not to invest now is not India-specific, but has to do with the problems relating to how the major global economies are shaping up.
Finance Minister Arun Jaitley on his maiden visit as minister to Washington, DC, addresses two think thanks, leaves American Establishment impressed, reports Aziz Haniffa/Rediff.com.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
Jaitley's concerns are unlikely to cut much ice with the Congress.
As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.
What Rajya Sabha can do for the states, no other House can do, the Prime Minister said.
New data show tax reform, better tracking needed
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
For the government to meet its GST roll-out deadline of April 1, 2017, the states will have to ratify the Bill before Parliament's winter session, starting November.
"My son is a high-quality person and I applaud his transparency," Trump said.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
It seems property in Pune have a better rate of capital value appreciation than other metro cities.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
He also lashed out at the Congress for its opposition to the GST and for dubbing it as 'Gabbar Singh Tax'.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
Ajay Banga, the 55-year-old CEO of MasterCard, is on a roll.
'Being authoritative is one thing -- Nehru was that -- but being authoritarian is quite another -- the current prime minister is clearly one.'
The indirect tax reform Goods and Services Tax is stuck in the Rajya Sabha.
The council decided not to levy any additional tax on small petrol and diesel cars of up to 1200 cc as well as on hybrid ones.
"While the risk of a correction goes up in the near term, on a long-term basis the Indian market is on an absolutely strong footing."
Modi said his government's focus was on adopting the strategy of 'Reform, Perform and Transform'.
Arun Jaitley said he would put the DTC Bill in cold storage.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
Pradhan Mantri Jan Dhan Yojana and Make in India -- are not covered here.
The government is beefing up enforcement against tax cheats in real estate sector, says Panagariya
The govt will have to clear hurdles to push GST by March 2015.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Common return for excise duty and service tax was envisaged when 119 services were taxed.
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."
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