'The estimates of tax forgone on this item run into hundreds of billions.''And there is neither fairness nor rationality to support continuing with this tax holiday for just one class of investors, those who put their money in shares,' says T N Ninan.
'How is the scheme running despite running such massive deficits?''This is because the number of new members are much more than earlier members who are drawing pension.''If this was done by a private organisation, it would have been called a Ponzi scheme
Sentiment turned weak after data released after market hours on Monday showed that the country's trade deficit, or difference between imports and exports, reached USD 14.88 billion in December, up about 41 per cent year-on-year, as crude oil and gold impo
India's rank in the World Bank's ease of doing business index cannot get better unless more attention is paid to bringing about procedural reforms in the way states run their governments and provide various approvals for trade and industry, says A K Bhatt
The dates of general elections in 2019 and the presentation of the final Budget of the Modi government are so far removed from each other that Jaitley is not under any pressure to present a populist Budget.Instead, he could well unveil an array of schemes
In a country where the onslaught of automation is stealing jobs from traditional high-growth sectors, 'velocitors' or young companies with the ability to break away from the pack will spur entrepreneurship and job creation, says Ganesh Natarajan.