Investors who have a long-term holding period and can handle the volatility should opt for it
The GST Council, at its last meeting, has decided that the provision of arrest will be restricted to forgery and non- deposit of collected taxes with the exchequer within the stipulated timeframe.
The Cabinet Committee on Economic Affairs, headed by Prime Minister Narendra Modi gave approval for listing five state-owned General Insurance Companies.
Even as for investments over $1 billion (or Rs 6,850 crore), the scheme will have a caveat.
On Monday, the Centre and the states managed to hammer out a broad consensus over the contentious issue of division of administrative control over tax assessees.
While Union Minister Nitin Gadkari made a strong case to woo foreign investors, his colleague Nirmala Sitharaman said the country has great opportunities in the services sector which is over 50 per cent of the GDP.
The companies are New India Assurance ,United India Insurance, Oriental Insurance , National Insurance and General Insurance.
The total expenditure incurred in the 24 main plan heads that signify actual asset creation in Railways during a particular year, the expenditure, so far, is just about Rs 600 crore more than last year’s figures.
Foreign portfolio investors have pulled out as much as $11 billion from the Indian markets in the October-December quarter, with analysts blaming demonetisation for the outflow.
He said it would take some time to assess the extent of the demonetisation impact on this.
The World Bank too decelerated India's GDP growth for 2016-17 fiscal to 7 per cent from its previous estimate of 7.6 per cent citing the impact of demonetisation.
The report said India has positioned itself as the most dynamic emerging economy among the largest countries and is expected to remain the fastest growing on the back of robust private consumption and significant domestic reforms.
The study pointed out that high denomination currency withdrawal is not without some inherent problems.
The first instalment of taxes was to be paid by November 30.
The report also said the GST would be implemented between April and September 2017.
Last year, India was among the top five most promising markets globally.
Finance Minister Arun Jaitley said 90 per cent of tax assessees below the annual turnover threshold of Rs 1.5 crore will be under the control of states and the remaining 10 per cent will be under the Centre’s jurisdiction.
A full percentage point downgrade against earlier estimate of 7.6%; FY18 outlook slashed to 7.2%.
As per the analysis report, a group of hawala dealers in Delhi were caught for illegal transactions worth Rs 930 crore after November 8.
AIMO said that those in the age group of 40 to 55 are the worst hit with 40 per cent job losses due to note ban, based on data till December 31.
In the two-month window after demonetisation— between Nov 9 and Jan 9— apart from commercial tax services, Gujarat and Kerala registered most transactions in various public distribution schemes.
While some have termed the GST Council meeting as a 'watershed moment', others hope that the final legislation and rules are available at least three months before hand so that the industry is able to prepare itself.
The Indian economy is likely to revive to go back to its previously estimated growth rate of 7.7 per cent in 2018, according to the WEO update.
"There was a broad view that July 1 appears to be a more realistic date to roll-out GST," said Arun Jaitley after the GST council meeting.
Petrol and diesel prices were hiked twice and once, respectively, in December after international crude oil prices saw a surge since OPEC reached an agreement to cut output.
In the US, by contrast, billionaires have frequently chosen to cash out of their businesses, and their wealth has not lasted so long.
Scooter exports were up 33.95 per cent during the year at 2,94,318 units as against 2,19,724 units in 2015.
In a survey by Deloitte Touche Tohmatsu India LLP, commissioned on budget expectations of India Inc, 53 per cent of the respondents expect the corporate tax rate to be reduced this time.
"We have always been well below potential. We are not growing to our potential...we have lots of corruption in economy," Bhalla added.
This year opens the second decade of the emerging-market bloc which groups Brazil, Russia, India, China and South Africa
The amended norms would also pave the way for settlement notice before issuance of a formal show cause notice, except those that are excluded from settlement.
Three PSUs — Hospital Services Consultancy, National Project Construction and Engineering Projects India — would be sold to PSUs in the same lines of business.
Outbound shipments rise 5.7%; imports 0.5% in December
Swiss Minister Schneider-Ammann will meet with the ministers of the three countries including Nirmala Sitharaman, Mustapa Mohamed and Tran Tuan Anh, the Swiss government said in a statement.
"Ind-Ra expects most companies in the organised retail sector to post low single digit growth with varying impact across different sub-sectors," the rating agency said.
The exports from India to China pegged down at USD 11.76 billion, about 12 per cent decline compared to 2015.