This includes loans from NSSF at Rs 1.36 trillion
Finance minister had announced hiking the deposit insurance limit to Rs 5 lakh for each bank depositor
Despite tight fiscal conditions, the budget makes room for higher capex
On Saturday, the benchmark indices closed near their day's lows, indicating further selling pressure on the following trading day
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate
Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"
Expectations remain high but fiscal constraints could lead to the emergence of implementation challenges in many of the schemes during the year
The FM disagreed with experts who termed the new tax regime complex and unavailing saying it would benefit some taxpayers, if not all
The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration
With a conservative lens, these are the numbers that looked plausible, Chakraborty said
'Markets and the economy are never utter perfect equilibrium.'
'We are moving towards privatisation after a long time', said Tuhin Kanta Pandey
Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.
The new regime is simple, one has to see the exemptions one was taking earlier and compare the new tax rates without those exemptions, the Revenue Secretary said
It is important to introduce an efficient dispute resolution mechanism to ease the pain of an overburdened dispute resolution machinery
With the exception of IT, every sectorial index at the NSE is in a downturn
There is a tendency of the taxpayer, as well as the tax administrators, to continue with litigation because neither side wants to give up
While others have lobbyists, this is one arm of the state which is left to fend for itself
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers