According to HSBC, India's current account deficit is expected to narrow from 1.1 per cent of GDP in 2014 to 0.6 per cent in 2015.
With 21 states agreeing to switch over to value added tax from April 1, finance minister P Chidambaram on Thursday asked the remaining states, including Uttar Pradesh and BJP-ruled states, to implement it and add a historic dimension to centre-state
IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore (Rs 880 million.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
All textile items, currently exempted from value added tax, will attract 4 per cent VAT from the next fiscal, the empowered committee said on Thursday.
Vistara has six Airbus A320s in a three class configuration.
'The Chinese mindset and approach to India is far different from that in Pakistan.' 'This reality makes it possible for us to follow an engagement policy with one, while militating against engagement with the other.'
Chief Minister Manohar Parrikar yesterday said the state has already slashed Value Added Tax on Air Turbine Fuel refuelled in the state from 22 percent to mere 12.5 per cent.
He also said that the expert committee on amendments to the Income-Tax Act was expected to submit a draft Bill during the early part of 2006, but did not give any time-frame for the introduction of amendments.
Other private banks also planning to employ bots soon
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
Twenty one states which have switched over to Value-Added Tax on Tuesday agreed to adopt uniform rates for industrial input, capital goods and essential commodities like medicines, salt, bread and PDS items.
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.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Harjot Singh Narula lists five checkpoints to help you find the best health insurance plan
The nationwide 3-day traders strike against value added tax being implemented by 21 states from April 1 evoked a mixed response on Wednesday with wholesale markets remaining closed in major cities but retailers carrying out business in many places.
The trader's association, CAIT, which has called for a 3-day nationwide strike from Wednesday, has decided to present a petition to President APJ Abdul Kalam opposing the service tax levied on traders and the proposed value added tax from April 1, 20
The two leaders witnessed artistes dancing to the popular Tune Mari Entry Aur Dil Mein Baji Ghanti from the Ranveer Singh starrer Gunday and Radha Teri Chunari and Disco Deewane from the 2012 blockbuster Student of the Year, among others.
Empowered committee of state finance ministers on value-added tax has sought to allay fears of traders that the new tax system will lead to increase in prices, stating that the worldwide experience did not support this apprehension.
Simplifying the processes will lead to greater efficiencies. Bad processes will not help even if implemented well, says T N C Rajagopalan
The Centre is planning to establish a Taxation Information Exchange System to track inter-state trade of all commodities after the phase-out of Central Sales Tax.
Announcing a 96-hour country-wide strike against the value added tax system from March 29, traders' body Akhil Bharatiya Udyog Vyapar Mandal on Tuesday
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