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India

Sitharaman unveils big-bang reforms in tech, infra, coal, defence equipment mfg, aviation

‘Today’s announcements focus on structural reforms,’ Finance Minister Sitharaman said in the beginning ‘for exploring new horizons of growth’

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Editorial Views

Fall Guy Jaitley?

Member of Bharatiya Janata Party’s Margdarshak Mandal Yashwant Sinha has fired yet another salvo at the government of the party, asking for Finance Minister Arun Jaitley’s resignation from the Cabinet for imposing a “deeply flawed” goods and services tax on the nation. Since the inception of the BJP-led National Democratic Alliance government at the Centre, […]

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Interactive Tax

Equalisation levy under Finance Act 2016

[dropcap]S[/dropcap]ince 1 June, the country’s tax system has an equalisation levy on digital transactions in consonance with the initiative of the Organisation for Economic Co-operation and Development (OECD). It is aimed at addressing base erosion and profit shifting (BEPS). On 27 May, the Central Board of Direct Taxes (CBDT) had released rules on the newly introduced equalization levy on specified […]

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India

PIL on judicial reforms: SC sends notice to Centre

New Delhi: The long-standing issue of judicial reforms in India has taken a new turn with the Supreme Court issuing notice to the Union Government on a PIL filed by Ashwini Upadhyay, advocate of the Supreme Court and spokesperson of BJP Delhi. Speaking on his PIL Upadhyay said, “Judicial Reform is not only necessary to secure fundamental right […]

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India

‘हम देश के नागरिकों को अफ़सरशाही के भरोसे नहीं छोड़ सकते’

अध्यyक्ष महोदया जी, मैं सबसे पहले, राष्ट्रपति जी के प्रति आभार व्यवक्त करना चाहता हूँ। उन्हों ने राष्ट्र पति अभिभाषण के माध्य्म से न सिर्फ़ सदनों को लेकिन देश और दुनिया को भारत का गौरव, भारत की गरिमा, भारत की उत्त म विकास यात्रा और विश्वफ़ के पास भारत की जो अपेक्षा हैं, वो भारत […]

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Economy

100 % digitisation of ration cards to be achieved soon

  New Delhi: The government has achieved significant mile stones in the reforms of PDS by making it more transparent and leak proof during last 19 months. Number of States providing Rs 2/kg wheat and Rs3/kg rice has increased to 25 from 11 during last year and it is likely to be implemented in all […]

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Article

Why Is Government Running Businesses?

[dropcap]G[/dropcap]andhiji may have written fairly extensively about governance being a solemn trusteeship, meaning thereby, or implying, that the government should let go of assets it crucibles and incubates, when the time is right. But the notion has, in our 7 odd decades since independence, been more observed in the breach. The government just keeps it […]

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Economy

FM stresses on capital increase and reforms in WB Group

New Delhi — Union Finance Minister Arun Jaitley stressed on an increase in capital and the need for reforms in the World Bank that would reflect the emerging world order in its governance. India’s finance minister made these observations when Sri Mulyani Indrawati, Managing Director, World Bank Group, called on him in his office here […]

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Article

Can Jaitley Manage Parliament?

Finance Minister Arun Jaitley’s visit to the US that concluded on 24 June is likely to strengthen the NDA government’s resolve to push for reforms. The fractious politics of the country, however, may not give him or the government much elbow room since most reforms have to pass parliamentary scrutiny. The Monsoon Session of Parliament […]