Finance Minister Pranab Mukherjee proposed a hike in excise duty to 12 percent from 10 percent. It will prompt an increase in product prices from manufacturers, already hit by high input costs.
If P-notes are not taxed, it is tantamount to winking at black money. In fact, there is a good case to tax FIIs too on short-term capital gains.
#Black money #EPFO #FIIs #Gaar #TheLongViewThe measures to track tax avoidance introduced by the recent budget essentially means the government is going to get nastier with taxpayers.
#Budget2012 #Gaar #Pranab MukherjeeThe Supreme Court has thrown out the government’s review petition in the Vodafone case. Will the government never learn?
#Budget2012 #tax change #TheLongView #Vodafone #Vodafone case #Vodafone taxDependence on corporate tax revenue and vulnerability to commodity prices and exchange rates weakens the government’s credit profile and lack of specific policies in the Union Budget to address these weaknesses is “credit negative”, Moody’s said in a research note
#BudgetImpact #Deficit #Fiscal policy of the United States #Macroeconomics #Moody's #Public financeWhen DoT is saying its spectrum auctions could take all of 400 days, is it prudent for the FM to claim Rs 40,000 crore from auctions in 2012-13.
#Budget 2012 #Disinvestment #Spectrum Auctions #Union Budget 2012-13The budget effectively spares no one – rich, poor or the middle classes. Everyone has been nicked or mugged for taxes.
#Budget 2012 #BudgetAnalysis #Buffett Tax #Union Budget 2012-13Developing the airspace over metropolitian railway stations can raise Rs 50,000 crore — but the government is sitting on the idea for 20 years.
#Budget 2012 #Dinesh Trivedi #Railway Budget 2012 #Sam Pitroda
UPA-2′s third anniversary has to acknowledge the failure of its flawed political-economy approach.
Tania Bhardwaj is famous as the student whose question caused Mamata Banerjee to storm off the stage. But she says the question was not important till Mamata made it important.
Pilots of the erstwhile AI, affiliated to the de-recognised IPG, have been reporting sick for the past fortnight, severely disrupting the airline’s international operations. The IPG has not been invited for today’s meeting.
Hate groups, fake profiles, distorted photographs, hurtful comments. Bullying in the time of Facebook is rapidly becoming a serious worry for schools.
With consumer price inflation back in double-digits, and the rupee in free fall, the RBI can’t do much. It is Pranab Mukherjee’s job now – 100 percent.
Don’t change the channel. The Jaya-Rekha show unfolding live on Rajya Sabha television shouldn’t just be dismissed as Silsila reheated. In fact, it should be getting many awards for public service.
This is the first time the state has crossed a debt-burden of Rs 100,000 crore and it is likely to rise by a quarter by the end of the year.
Has Purno Sangma, who has been backed by the BJD and the AIADMK for president, shot down his own chances by naivete?
Manchester City have won two trophies since spending close to £420 million in the last four seasons. Man United took 12 seasons to spend the same amount, winning a dozen trophies. Whose side are you on?
The new feature which was released on Wednesday will draw from a Google-built database of more than 500 million people, places and commonly requested things to provide a summary of vital information alongside the main search results.
His recent behaviour will do little to maintain or enhance Shah Rukh’s image – the very image which made him India’s favourite brand ambassador.
The Finance Minister’s ‘remedy’, which focusses on unspecified ‘austerity’ measures, could compound the stagflation crisis if it shrinks aggregate demand.The real fixes like elsewhere.
What is the political significance of Jayalalithaa’s multi-crore media blitz in the national print media?
The rupee’s fall is based on fundamental factors and the government or the RBI cannot stem the fall in the short term.
For all the jihadi terror that Pakistan stokes in Afghanistan and India, the arc of history is bending decisively against it – and in India’s favour. Here’s why…
Being an MP in India is hardly unprofitable, most of our nations legislators have seen their incomes rise and their rising wealth also ensures they stay in power.
Now that A Raja finally is out on bail what does his political future hold for him? More importantly how safe is he given he is supposed to be the man who knows too much in the case?
Our fractious politicians have finally found an issue worth uniting over – the grave danger posed by cartoons. As MPs across the political spectrum railed against cartoons, was Mamata Banerjee thinking “I told you so”?
Chennai’s Detroit-tag appeared more credible on Monday with Tamil Nadu chief minister Jayalalithaa signing five MoUs with auto majors for setting up production plants near the city.
BS Yeddyurappa’s challenge to the BJP needed a surgical response, but it has opted for homoeopathic medication.The party will regret this months from now.
There is much that is flawed about our parliamentary democracy, and our parliamentarians are in supreme denial if they refuse to acknowledge their failings.
The contrasting reports reveals that while justice might be distant, the law as a process still works – more so as the Modi juggernaut stumbles on a 25-page amicus curiae brief.
The cover up of sorts has began. The BMW belongs to one Devender Shehrawat, who runs a transport business in Gurgaon. But curiously, a man named Rajesh has claimed responsibility for the accident.
Unrecognised institutions like DPS Mathura Road’s afternoon school for first-generation learners and children of daily wage labourers are closing their doors as per the new rules. But is this a tragedy?
