Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
Modi govt did decent job in its first year.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
'If more than 60 commissioner-level tax officials were compulsorily retired in the span of a few months, surely the malaise is far deeper,' notes A K Bhattacharya.
'The recalculated ranking showed India should have had a higher ranking earlier (113 in 2012 instead of 132) and lower ranking later (114 in 2018 instead of 100).' 'This would mean that there has been no change in India's climate of doing business across two regimes.' 'This is exactly consistent with the reality on the ground,' observes Debashis Basu.
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
Decision-making is stretched because of differences in views between ministries.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
'The Budget that Mr Jaitley will present on February 29 will be crucial.'
He said taxation has to be rationalised to make Indian products competitive.
There will be many steps which will be taken outside the budget.
In an interaction with rediff.com, various TiE members expressed hopes of revival in the Indian economy after the formation of the new government.
'Investors are now getting clarity on policies.'
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
The previous United Progressive Alliance government had undertaken some decisions, like introduction of retrospective tax amendments and GAAR, which had dented investor sentiments.
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
'Everybody fears them and rightly so. Who in his right senses wouldn't fear these agencies?' 'They can take away everything in seconds with near zero recourse to law.'
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
'We have promised to ensure reduced tax rates.'
This is due to the newly formed Union Territories of Jammu and Kashmir, and Ladakh, which will get funds from the Centre's share, which means devolution will be for 28 states compared to 29 earlier.
Reform ideas do not occur overnight and evolve over the years.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
There will be pressure on the fiscal situation, especially at a time when the monsoon can also disappoint. More populist expenditure is on cards if the mandate is a hung Parliament or a coalition government.
He lauded the government's 'minimum government and maximum governance' policy.
Finance Minister Arun Jaitley hints at a world class tax regime.
Almost 40 per cent of a durable company's sales are achieved during the festival season
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
The constituency that support reforms today is much larger today.
'GST had to come close on the heels of demonetisation as part of the same package.'
The prime minister said that a larger Indian economy has multiple benefits for the world
In its effort to unearth black money stashed away abroad, India has received data on over 24,000 instances of alleged tax evasion and dubious funds which has been detected in foreign shores in the last financial year.
In 1996 there was opposition from a section of the shareholders when the company wanted to diversify.
Deaton was at a loss when asked what the future held.
Shikha Verma offers invaluable money management insights
IT sector has lots of hope from the Union Budget 2014-15.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
Else, repent when you reach your golden years
The NITI Aayog's views are in contrast to the National Health Policy.
