Corproate executives and economists that Moneycontrol spoke to expressed concerns of instability at the RBI and the impact it will have on attracting long-term investments.
"The department is taking strong enforcement actions against such people," said Sushil Chandra, Chairman of Central Board of Direct Taxes.
Last week, CBDT, Finance Ministry's apex direct tax policy making body, named Akhilesh Ranjan as the new convenor of the task force for drafting new direct tax legislation as the previous head Arbind Modi retired on September 30.
Recently, former Prime Minister Manmohan Singh had said the BJP-led government's promise to generate two crore jobs annually has turned out to be a "gimmick"
In this Moneycontrol Deep Dive podcast. we examine whether the 59-minute loan sanction for small businesses is a gimmick or a masterstroke.
"Under the new policy, 10 percent of the plant's capacity will be given free to the state from the 10th year of its operation," an official familiar with the development told Moneycontrol
As on October 31, 2018, there were 18.10 lakh registered companies in India, of which 11.16 lakh were active
Union Agriculture Minister Radha Mohan Singh said that statistics show an increase in the purchase of seeds after demonetisation, compared to the previous year
Moneycontrol's M Saraswathy gets in conversation with Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance to discuss the changing landscape of the insurance industry.
Urjit Patel and his four deputies, who all are members of the RBI's 18-member central board, will present a united front, while a few independent directors too are expected to support the central bank's mission to clean up bank balance sheets, sources said.
Besides, less than 100 applications have been received by the authorities challenging the inclusion of the names of suspected illegal immigrants in the NRC, a list of Assam's residents.
The development comes after a team of the Union Housing and Urban Affairs (HUA) Ministry visited the northeastern states on October 26 and held a workshop with their representatives and discussed the issues coming in the way of notifying the Act.
The digital payments market In India is expected to grow to $1 trillion by 2023, led by growth in mobile payments.
Regarding the transfer of surplus reserves to the exchequer, Gandhi observed that the central bank, after completing its annual audit, gives due share to the government.
The Sebi, in August, had invited expression of interests (EoIs) from companies for enhancement of analytical capabilities and setting up of private cloud to provide infrastructure, storage and computing capacity to different upcoming projects.
While advocates of the scheme claim PMJAY has saved 600 million people from becoming impoverished due to medical costs, critics too were equally vocal in highlighting structural problems of the scheme
Sakshi Batra in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol finds out what could be the macro implications of this rift.
CCI, which has so far received 52 cases pertaining to anti-competitive practices in pharmaceutical and healthcare sector, prescribed some policy and regulatory action to address issues choking competition.
For monitoring the various stages of execution of any state-funded project, it is essential that there is a war room at the state level
The government is losing sizable excise tax due to closure of around 3,000 liquor outlets located near the highways owing to the Supreme Court's order. Excise duty contributed Rs 15,343 crore to the state's treasury in 2017-18.
A committee under CBDT is working to chalk out the broad parameters for extending such "courtesies" and benefits to taxpayers who pay their taxes on time and in full
The GST rate on the sale of IPL tickets is 18 percent.
In the latest round of duty hike effective October 12, the Finance Ministry increased the levy of import of base station, IP Radios, soft switches and Voice over Internet Protocol (VoIP) equipments, and optical transport equipments, among others, to up to 20 percent.
Data localisation is an act of storing data on any device that is physically present within the borders of a particular country where the data was generated
In the latest draft guidance, USFDA tried to tackle a major loophole called 'citizen petitions' used by branded drug makers or innovators to delay the entry of generic drugs