'We have to make doing business in India easier.'
The biggest challenge on policy front is the fight against the perception that a small number of big corporations do cosy deals with the government.
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
.jpg)
The president called for tax reform that eliminates corporate-friendly loopholes, highlighted his earlier proposal for free community college.
A government that confuses PowerPoints for policy is delaying structural change too much.
'There has to be an 18-month transition.' 'But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to accept the step.'
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
The GST will replace more than a dozen levies central and state levies, including central excise duty, service tax and central sales tax as well as VAT on sale of goods and entry tax, to make movement of goods seamless across 1.3 billion market.
Urban markets account for the major share of total revenues.
'If my understanding is correct, one has to file not less than 37 returns per year for every ordinary business, and that too per state.' 'If you are doing businesses in Chennai, Bangalore and Hyderabad, you have to file 37x3 returns every year!' 'The consequence of GST will be chaos, confusion and possibly economic crisis.'
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Arun Jaitley had a tough fiscal hill to climb.
Here's everything you need to know about the Goods and Services Tax Bill.
A large number of rich farmers, who earn more than salaried employees in the cities, get away with paying no tax at all in view of the government's lack of will to consider an agricultural income tax
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
India Inc is encouraged by a determined Budget.
Rahul Gandhi thinks his imaginary Congress is the silver bullet; Narendra Modi thinks he himself is the silver bullet; Arvind Kejriwal seems to think that neighbourhood councils are a silver bullet. But none of them is right, says Mihir S Sharma.
The current draft of the Goods and Services Tax could kill any hope of economic revival - and you should blame the Congress if it rolls over and lets it pass, says Mihir S Sharma.
You could step aside from the BJP membership, don the mantle of a full-time journalist again and then go ballistic against the government, Sudhir Bisht tells Arun Shourie in this open letter.
Sandeep Shanbhag offers tips on post Budget taxation rates.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Indian economy about to take-off
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances