Army planners are increasingly worried about this drain on funds that could otherwise go towards equipment modernisation
'Markets and the economy are never utter perfect equilibrium.'
The government proposes to sell a part of its holding in LIC through initial public offer, Finance Minister Nirmala Sitharaman said while unveiling Budget 2020-21
Bringing down fiscal deficit to 3% in line with FRBM Act will be a major challenge for the govt
In this podcast, Business Standard's Infrastructure Editor, Jyoti Mukul talks about the challenges of the infrastructure sector and its expectations from Budget 2020
The 1991 budget freed businesses from random, illogical productive controls. Exactly opposite of what happened in 1966.
"This year, there will be a realistic assessment of the nominal GDP," said a source.
Based on suggestions received from various stakeholders, the government is taking steps towards simplification of taxation system, she added
Industry bodies have demanded that income up to Rs 5 lakh should be exempt from tax for individual taxpayers from the current Rs 2.5 lakh to spur demand for goods and services.
Economic growth rate fell to over six-year low of 4.5% in the second quarter of 2019-20
FM Sitharaman also hit out at the Narendra Modi government for revoking the Overseas Citizen of India status of writer Atish Taseer
On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India
SBI Chairman Rajnish Kumar too was impressed by the decision on Essar Steel India judgment by the Supreme Court
e-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities
The minister said she will speak to RBI Governor Shaktikanta Das about the interest of the depositors and convey their urgency and distress
Here's a selection of Business Standard opinion pieces for the day
The government's intention is to have a stable environment, she said
Frail financial health of firms, difference of opinion among depts creating a roadblock
In the process, the corporation tax system would also become more transparent, with reduced scope for litigation and discretion
The panel, headed by central board of direct taxes (CBDT) member Akhilesh Ranjan, also recommended 25 per cent corporation tax rate for companies, but without surcharges and cess