Finance Minister Arun Jaitley said that these two reforms combined will “certainly lead to greater compliance, greater digitisation,” adding that “expansion of the tax base of direct and indirect taxes is already visible.”
The announcement to withdraw the protest was made yesterday by the traders who met finance minister Arun Jaitley in Delhi on July 17.
The defence ministry is far too big and complex to be managed part-time as an additional charge by another minister, no matter how competent and cerebral he may be.
Jaitley, who responded to China’s reference to the war the two countries had fought 55 years ago asking India to learn from “historic lessons”, had said, “If they are trying to remind us, the situation in 1962 was different and India of 2017 is different.”
Potential DGCA interference, union woes and getting fair value. The group of ministers in charge of selling a yet-to-be-determined stake of Air India has its work cut out.
The airline has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000-crore bailout package extended by the previous UPA government in 2012.
Ruling out any further slippage in the timeline, finance minister Arun Jaitley said Indian small business has been given enough time to prepare.
While the BJP had said its three-member committee will meet the Congress on Friday to select a consensus presidential candidate, Congress insists it has not received any formal proposal yet.
The newly formed committee by Amit Shah will carry out consultations with the NDA and the opposition on the matter and try to come to a consensus.
The three-member committee will consult with allies and the opposition to pick Pranab Mukherjee’s successor.
If editors from the Times of India and other newspapers have the ability to push for personnel changes with government ministers, do these ministers, in turn, have the ability to influence the editorial line in these newspapers?
Finance ministry officials were scheduled to meet with all six members of the monetary policy committee before its policy statement today, in a move that had raised worries over the MPC’s independence.
Data on Wednesday showed that India’s economy suffered a growth slowdown in the quarter to March, to 6.1%, raising alarm bells.
The CBI’s handling of the case has always depended on which political party is in power at the Centre. There is no reason to assume its attitude towards the prosecution of senior BJP leaders will not be coloured by the same factor.
Tomorrow, the use of human shields could become standard operating procedure. Instead of the difficult process of flushing out militants by armed assault, the army could line up civilians and use them to breach a position.
Honour is essential to a professional army. But the top brass in Indian defence, at both the military and the ministry level, seem to have forgotten that.
Arvind Kejriwal’s lawyer Ram Jethmalani contended that he had acted with his client’s consent, prompting the finance minister to file a separate defamation case.
The long-awaited GST has been hailed as India’s biggest tax overhaul since independence and will replace a slew of federal and state levies.
The union finance minister threatened to aggravate charges against Arvind Kejriwal and others named in the case if the word was used at their behest.
A large part of Ram Jethmalani’s cross examination of Jaitley focused on alleged misappropriation of funds during his time at the DDCA.
With all the detected duplicate PAN cards being deactivated and there being only 645 fake PAN cards, why is the government pushing for drastic changes to India’s income tax structure?
With the Belt and Road summit set for May 14-15, Chinese officials have increased their lobbying, through public diplomacy and behind closed doors, to get New Delhi to attend.
The ordinance to amend the Banking Regulation Act will give a big boost to the government’s efforts to cut down on non-performing assets in the banking sector.
India’s refusal to accept the 1984 pogrom as genocide is problematic, given the absence of prescribed domestic standards to test such a claim.
After the government cancelled certain cesses that were meant for labourers’ welfare in preparation for the GST, activists suspect that many such moves may be around the corner.
India’s opaque approach and practice to BITs undermines the right of ordinary citizens to be informed about these critical issues
In a country beset with serious socio-economic problems, where job creation is at a record low and farm distress shows no signs of relenting, we are busy debating cows, statues and couples in love.
The government seems to either not notice or not care about the many glitches in the Aadhaar system, as it enters more and more parts of our lives.
On Saturday, finance minister Jaitley had raised the H-1B visa issue with Steve Mnuchin, highlighting Indian companies’ contribution to the US economy.
US commerce secretary Wilbur Ross is believed to have said that US has started the process of reviewing H1B visas issues and no decision has been taken on it yet.
The discourse around non-performing assets (NPAs) remains largely focused on private corporations, while NPA concentration in public sector undertakings flies under the radar of scrutiny.
Faced with BJP’s aggression and a dwindling support base, and bereft of its plank of moral politics and good governance, AAP’s political fortunes look bleak.
Whether the Modi government can succeed in assuring the independence of India’s tribunals from the executive remains to be seen.
Uttar Pradesh, and indeed other states, may issue farm loan waiver bonds to banks but everyone knows these bonds will have no takers. The Centre will have to guarantee them.
The court must hear pending cases on Aadhaar urgently, before the government further inhibits people’s rights and liberties under the facade of ’empowerment’.
Will the Modi government’s digital push help it curb “excess cash” and print fewer notes than what was extinguished through demonetisation?
Global experience shows that implementing GST caused severe short to medium term disruption in countries’ economies – we shouldn’t expect better from India’s half-baked version either.
The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon.
Contrary to the finance minister’s assurance in the Budget speech, amendments to the Finance Bill ensuring anonymity to the donor as well as the receiver will only add opacity to political donations.
The fight over free speech is about the institutional protection of individuals’ basic rights from mob rule and putting a check on the state’s coercive power.