'The Modi government, like the Singh one, has run into what is called a perfect storm, where everything that can go wrong does so at the same time,' points out T C A Srinivasa-Raghavan.
Industry experts on Friday called upon the new BJP-led NDA government to focus on attracting investments in key sectors, especially the infra space, to revive growth and investor confidence.
A panel will examine the merits and demerits of various dates for the commencement of the financial year.
The finance minister is in Singapore for The Singapore Summit.
Don't hit the buy button as soon as you hear of the next BIG online sale this Diwali. Here are some very important lessons -- in the light of how some online shoppers felt cheated after Flipkart's 'Billion Day Sale' -- that could save you time, money and peace of mind, says Rajiv Raj!
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
Irrespective of the outcome of Tuesday's keenly-contested US presidential election, America's strategic relationship with India is expected to maintain the current momentum and strengthen further, policy documents and remarks from the two campaigns indicate.
The order in favour of Vodafone is being considered significant because some domestic companies too are involved in similar transfer pricing cases.
The prime minister was speaking at an event to mark golden jubilee of the Aditya Birla Group's presence in Thailand.
While consumers feel that petrol pinches directly, diesel hurts indirectly, as it is an input in almost all the goods and services we use.
Sinha said the youth, farmers and the traders were dissatisfied with present policies of the saffron party.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
It is the rupee's biggest single-day gain this year.
There is a need for tax reforms in the country in a bolder way, Singh said.
Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors.
Finance Minister Arun Jaitley on Friday hinted at not raising tax rates and providing incentives for manufacturing.
The DTH industry has to pay entertainment tax to state governments and service tax to the central government.
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
Each dept could handle a designated area.
'If you are looking to fulfil imminent long-term commitments, the new online Ulips are the right product for you,' notes Santosh Agarwal/Policybazaar.com.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
Financial assets make a comeback as returns on physical assets falter.
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
India is working towards policies and regulations that would encourage non-cash payments.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
The industry is losing Rs 20 crore a day, as consignments stalled just before festivities.
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
The sops being given to the IT firms in metro cities should be extended to companies in tier 2 and 3 cities as it will generate greater employment opportunities and boost growth, industry body Nasscom has said.
As per norms, the returns have to be filed online on www.aces.gov.in.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Tackling black money gets worst rating; Swachh Bharat, Digital India score poorly.
India's GDP growth will be 7.5% this year: Jaitley
He said, clothing, footwear and electronic sectors are large job creators and need big reforms.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
Ease of biz issues to affect investments to India: US Ambassador.
'India's first and longest-serving prime minister created -- or at the very least imagined -- a modern, democratic nation-State of the 20th century,' says Sunil Sethi.
"Not a single step has been taken by this government to empower small businesses in India," says Praveen Khandelwal, national secretary general of the Confederation of All India Traders and former treasurer of the Bharatiya Janata Party's Delhi unit.
Modi, upon arrival, was received by External Affairs Minister Sushma Swaraj.
