Though the government’s heart is at the right place insofar as smart cities are concerned, its actions have been incremental, small and unfocused.
It is unlikely that there could be a direct transfer of money to Jan Dhan accounts which is reported to have seen some misuses. The government would want to use indirect transfer mechanisms
Payments of an amount aggregating to Rs one lakh or more in cash, along with payments of Rs 10 lakh or more made by any mode (including cheque or wire transfer), towards settling credit card dues in a year will also have to reported.
According to the study, India was the second on the list of countries where investors were averse to investing due to fraud fears.
Air passengers departing from bigger metro airports have to cross subsidise UDAN fares as airlines have been asked to pay a small levy for each departure from big airports – the money so collected will offer subsidy for the Udan scheme
While Davos will continue to be conducted in future, the coverage in the media would tend to reduce as the relevance of these meetings diminishes over time unless there is a change of thinking and action at White House
Family figures on the radar of the taxman only tangentially---for granting exemptions to health and life insurance premiums on children and spouse.
Razia’s was one of the scores of deaths reported in the days following Prime Minister Narendra Modi’s decision to scrap high-value bank notes in a crackdown on 'black economy'.
Some of Patel's predecessors including D Subbarao, Y V Reddy, Bimal Jalan, and Manmohan Singh, criticised the apex bank for not doing enough to reassure the public in the wake of currency invalidation exercise.
In policy matters, the government is always the final authority. There is no point in hounding the RBI politically..
Among the recommendations made were simplification of the bureaucratic procedures of securing regulatory approvals and environmental clearance for infrastructure projects, defining of timelines for all stages of granting approvals, relying more on single window clearance mechanisms and reviewing timelines within the Land Acquisition Bill to make land acquisition faster.
The industry representatives believe that aggressive tax collection by the IT department will adversely impact India's flagship Start-up Action Plan, 'Make In India' initiative and its Ease of Business ranking.
Safe harbour rules of 2013 have fallen below the tax payers’ expectations and so have not been able to generate significant interest
Only six state-owned banks including SBI declared dividend, though at a lower rate, for the financial year ended March 2016.
Taxation experts have slammed any move to hike the service tax rate just months before GST comes into effect, saying industry will need to change its systems and the transition process itself will take months.
A sharp decline in GDP growth would mean more job losses, decline in consumer’s ability to purchase and lower number of new projects coming in. Even the existing projects may get derailed resulting in large cost overrun. Compared to this loss, what will the tangible gains from the demonetisation exercise, both in the short-term and long-term is a matter of speculation.
More than demonetization’s ability to recover vast quantum of black money in the short span, its ability to increase the base for in-direct taxes in future is more appealing.
Tax related (benefits) will have to come only through the budget, the Minister said, adding that suggestions with regard to exempting startups from MAT (minimum alternate tax) have also been forwarded.
According to Jaitley, the whole process of preparing the draft laws and deciding the rate slabs will need time until March, which makes 1 July rollout a more realistic deadline than earlier 1 April.
Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan.
The IMF today cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates.
"Granting of infrastructure status to projects will attract large companies to the sector and inculcate corporate governance," said NAREDCO President Praveen Jain.
India should be marketed as a top leisure destination, urged tour operators
Wholesale inflation broke the 3-month declining trend and rose to 3.39 per cent in December 2016, mainly due to rise in prices of manufactured items, even as food articles turned cheaper
It's because of this kind of inequality that trust in institutions has fallen sharply since the global financial crisis of 2008, according to Edelman, one of the world's biggest marketing firms.
A spokesman for Amazon based at its headquarters in Seattle had told <em>The Washington Post</em> that the doormat was no longer for sale on its website.
Almost 20 percent of global exports in generics from India make it the largest provider of generic medicines globally.
According to Jaitley, GST needs to be rolled out latest by 16 September, 2017.
This is the fourth increase in petrol price in six weeks and the third in case of diesel in one month.
The government is pushing its agenda of ending unnecessary litigations and to that effect, it has issued multiple circulars/notifications in the last two years.