'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
Says that he will re-look at all suggestions on indirect taxes and make announcements in Parliament.
If you are a new taxpayer or one who is struggling to obtain a foothold in the world of taxes, our attempt at simplifying the tax filing process seeks to help you sail through this. Read on. . .
Thanks to policy paralysis at the Centre, we are doing exactly the opposite of what the doctor prescribed, writes M R Venkatesh.
'A CEO is successful if he is able to retain the confidence of his shareholders. And the shareholders of India Inc have backed their prime minister-CEO to the hilt,' says Sudhir Bisht.
Projecting a 7 per cent growth rate in 2005-06, government's pre-budget Economic Survey on Friday outlined reforms in tax and expenditure and labour laws as a priority in the budget.
Industry analysts provide their insight into Budget 2012.
Finance Minister Pranab Mukherjee on Monday announced a slew of concessions, including a 1 per cent interest subsidy for lower and middle income housing loans, and exempted road repair and maintenance services from the ambit of service tax.
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
M Govinda Rao hopes the Budget will contain the deficit while continuing to create conditions for pushing growth.
If coalitions are inevitable, we need to think of ways to provide more effective governance.
Here is the entire text of the Finance Minister Pranab Mukherjee's Budget Speech:
Finance Minister Pranab Mukherjee presented the Budget for 2009-10 on July 6. Following is the Budget Speech of Finance Minister Pranab Mukherjee:
We have brought about a slew of reforms that would help improve governance and also facilitate industrial growth, Rajasthan Chief Minister Vasundhara Raje tells Sahil Makkar.
The Interim Budget highlights the focus on aam aadmi in the development process. The year 2008-09 has seen substantial increase in outlays spanning across sectors.
External Affiars and Finance Minister Pranab Mukherjee on Monday said the government cannot indulge in 'reckless borrowing' and did not have Parliamentary mandate to tweak taxes.
External Affairs Minister Pranab Mukherjee, who is also managing the finance ministry, presented the Interim Budget for 2009-10 in Parliament on Monday. Following is the text of the entire Budget Speech:
Chidambaram said he still aimed at nine per cent growth for the economy in 2008-09
Unveiling the economic agenda of the new government, President A P J Abdul Kalam on Monday promised massive public investments in agriculture and industry, encouraging foreign direct investment
Finance minister read out parts of his speech to the media persons and television channels as nothing could be heard while he was replying to the debate on the Union Budget.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
Prime Minister Manmohan Singh on Saturday asked the industry to enhance its contribution for creation of infrastructure through increased investment and assured that "holding the price line" was a priority for the government.
Outlining the roadmap to achieve 7-8 per cent economic growth on sustained basis, the Economic Survey on Wednesday indicated major initiatives in the Union Budget to overhaul tax system, slash deficit, contain prices and boost agriculture.
Union Railway Minister Lalu Prasad Yadav presented the Railway Budget for 2004-2005 in the Lok Sabha on Tuesday (July 6, 2004).
Our regulation gives wide powers to the tax authorities, particularly at the assessment stage. The entire process is driven by 'doubt and suspicion' rather than 'trust and faith.'
The finance minister presented the Interim Budget for 2004-05 in the Lok Sabha on Tuesday.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Modi has arrived. Probably the country is not yet ready. Modi knows it. If Modi destroys the existing political consensus he will have to quickly replace it with another, notes M R Venkatesh.
Resources alone will not make the Indian armed forces the envy of its adversaries. It is the policy direction that is set by the military leadership and the quality of training imparted to its manpower that will make the difference. The debate on the wide-ranging changes that India's defence set-up needs should have been initiated long back by the armed forces themselves.
Congressman Gary Ackerman, New York Democrat, and a senior member of the House Foreign Affairs Committee, who last week slammed the Congressional passage of the massive economic and military largesse to Pakistan to the tune of $1.5 billion annually over five years, as the House dutifully fell in line with the Kerry-Lugar bill passed by the Senate last week tripling the aid to Islamabad, has denounced the Pakistani military's hostility to this aid because it contains some cond
Myanmar democracy icon made history as she became the first non-head of state to address both houses of Britain's parliament. In a speech at the Westminster Hall, Suu Kyi has implored Britain and "the world beyond" to reach out to help Burma at "the moment of our greatest need". Here's the transcript:
Reservations for women will not dramatically and automatically redeem systematic, pervasive discrimination reservations but it will play a key role in bringing women's concerns to bear on public debate and official policies.
On the 60th anniversary of diplomatic ties between India and China, External Affairs Minister SM Krishna spoke of the historic ties between the two counties and pitched for a strong and stable relationship between the two most populous nations on the planet.
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