India

Narendra Modi Takes Oath as Prime Minister of India for the Second Term

*  36 ministers sworn in for a second term *  20 MPs take oath of office as cabinet ministers for the first time *  24 cabinet ministers, ministers of state sworn in *  Nine sworn in […]

Defence Minister Arun Jaitley shakes hands with UK Defence Secretary Michael Fallon in New Delhi on April 13.
Europe

India, UK working on latest jet engine

NEW DELHI (TIP): India and the UK are jointly making one of the most powerful engines for fighter jets of the future and the first such engine will be unveiled within a year. The gas […]

Finance Minister Arun Jaitley speaks in the Lok Sabha, March 30, 2017 Photo courtesy of PTI
India

Parliament Passes Finance Bill: Jaitley invites suggestions for Transparency in electoral funding

NEW DELHI (TIP): India‘s Parliament approved, March 30, the Finance Bill, 2017, subsequent to the Lok Sabha rejecting amendments moved to it by the Rajya Sabha and upholding its form it had adopted earlier. This […]

Business & Economics

GST Council caps cess on demerit goods at 15%

NEW DELHI (TIP): With the Goods and Service Tax (GST) Council on Thursday approving the remaining two draft bills- UTGST (Union Territory GST) and SGST (state GST), all the five enabling draft bills stand approved […]

Business & Economics

US Industry commends India’s Union Budget 2017: Says It Seeks to Simplify Ease of Doing Business for Foreign Investors

The U.S.-India Business Council (USIBC) commended the 2017 Union Budget presented by Finance Minister Arun Jaitley, saying the budget has a forward-looking outlook and builds off the economic reforms enacted over the last three years […]

Business & Economics

How corporate India reacted to Arun Jaitley’s budget speech

NASSCOM: The Union Budget 2017 reinforces government’s reliance on technology for achieving development goals, as it focuses on Infrastructure and empowering startups and SMEs, although IT industry expectations on facilitative proposals remain largely unmet… The […]

Other News

Key Figures From Budget 2017 : Snapshot

Snapshot Total expenditure of budget 2017-18 is 21.47 lakh crore Fiscal deficit at 3.2 per cent of GDP for year starting April 1. Remain committed to achieve 3% in following year Defence Expenditure excluding pensions […]

Education

Education outlay increases 9.9% to Rs 79,685.95 crore

NEW DELHI (TIP): Finance minister Arun Jaitley indicated in his Budget speech on February 1 that India‘s education sector would take a reform path in 2017-18. From focusing on learning assessment in schools and revamping […]

Business & Economics

UNION BUDGET 2017 – CIGARETTES, TOBACCO, MOBILES ASSEMBLED IN INDIA TO TURN DEARER

PARTS USED FOR MANUFACTURING OF LED LIGHTS WILL ATTRACT BASIC CUSTOMS DUTY 5 PER CENT AND CVD OF 6 PER CENT FROM NIL EARLIER NEW DELHI (TIP): Smokers and tobacco consumers will have to pay […]

Featured

Funding a clean polity: Crony capitalism needs a dirty political arena

“Today, our politics has become so divisive and toxic that any ‘reform’ becomes suspect. There is no ‘JRD’ today who would be able to tell the Prime Minister that he would be funding his political rivals. […]

Finance Minister Arun Jaitley holding a briefcase of budget papers, with his colleagues and staff before going in to the Parliament to present the budget
Featured

Indian Union Budget 2017 Presented – Finance Minister unveils series of post-demonetization digital reforms

NEW DELHI (TIP): In a pre-election Budget aimed at softening the demonetization blow, Finance Minister Arun Jaitley on February 1 halved the basic income tax rate to 5 per cent and lowered the rate for […]

Business & Economics

GST: JAITLEY PUSHES FOR CONSENSUS

NEW DELHI (TIP): The Centre on Wednesday said that it will wait for consensus to emerge on GST laws and will not push for a decision by vote despite the threat of a delay in […]

Business & Economics

HOW INDIA LOBBIED MOODY’S FOR RATINGS UPGRADE, BUT FAILED

NEW DELHI (TIP): India criticised Moody’s ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the US-based agency declined to budge citing concerns over the country’s debt levels and fragile […]

TAXING TIMES AHEAD: Union Finance Minister, Arun Jaitley with Deputy Chief Minister Delhi, Manish Sisodia after the recent GST Council meeting in New Delhi.
Featured

GST matters but so does fiscal federalism

As expected, the latest Goods and Services Tax (GST) Council meet, headed by the Union Finance Minister Arun Jaitley and with state finance ministers as members, could not arrive at any policy decision as far […]

Featured

Another session lost: A timely rebuke from a marg darshak

The continued disruptions of the Lok Sabha provoked a strong reaction from a sidelined BJP veteran, LK Advani. The latter has blamed both Speaker Sumitra Mahajan and his one-time protégé, Parliamentary Affairs Minister Ananth Kumar, […]

India

New scheme may impose 50% tax on unaccounted money

NEW DELHI (TIP): The  government is likely to introduce a disclosure scheme under which anyone with unaccounted income can come clean by paying 50% tax before December 30. A fourth of the amount remaining after […]

Featured

Cashless is painful: Address the panic in the street

Post-demonetization, the country is in a state of economic convulsion. To keep it from turning into a social seizure, the government has appealed to patriotic fervor, raising every notion from the soldier’s suffering to the […]

Finance Minister Arun Jaitley said, November 17, 22,500 ATMs would be recalibrated, allowing them to dispense new notes. There are around 2 lakh ATMs across the country.
India

Government Limits Notes Exchange to Rs. 2,000, Starting November 18

NEW DELHI (TIP): India government announced, November 17, new measures to help farmers and families planning weddings withdraw more money from banks amid a massive cash crunch after the sudden ban on high value currency […]

Inside the Parliament: Heated Exchanges resulting in adjournments
India

The War over Demonetization

Government unfazed by combined opposition attack; fight will continue, says opposition Meanwhile, the common people undergo terrible suffering The war over demonetization between the government and opposition is getting fiercer as the latter vows to […]

Congress leader Mallikarjun Kharge, SP chief Mulayam Singh Yadav and other MPs in the Lok Sabha during the winter session of Parliament on Thursday, November 17.
Business & Economics

DEMONETIZATION STALLS Parliament

Chaotic scenes witnessed in both Houses of Parliament over scrapping of Rs1,000 and Rs 500 notes NEW DELHI (TIP): Both Houses of parliament were adjourned on Thursday, November 17, as opposition lawmakers continued their attack […]

Business & Economics

Efforts on to build consensus on sticky GST issues, says finance minister Arun Jaitley

NEW DELHI (TIP): Finance minister Arun Jaitley on Thursday said the Centre is making all efforts to build consensus on sticky issues, especially on jurisdiction of assessees, to ensure GST rollout from April 1, 2017. […]

India

An Opportunity to buy Indian Residency with Investment of INR 10 Crore

NEW DELHI (TIP): Foreign investors bringing in at least Rs. 10 crore capital will be eligible for residency status, easier visa regime and employment for family members among other benefits under a new policy approved […]

TMC chief Mamata Banerjee was sworn in as Chief Minister of West Bengal on Friday, May 27. Here she is seen with her party men during election campaign ~ File photo
India

Second Innings for Mamata Banerjee as WB Chief Minister

KOLKATA (TIP): The Trinamool Congress chief Mamata Banerjee was sworn in as the Chief Minister of West Bengal on Friday, May 27, thus beginning her second stint in the once-Left dominated State. She had already […]

India

ED seeks Interpol notice against Mallya

NEW DELHI (TIP): After the setback over Vijay Mallya‘s deportation from the UK, Indian investigative agencies have now renewed their efforts to get the liquor baron back through Interpol. The CBI has forwarded the request […]

Featured

Jaitley’s flawed logic | Judiciary’s ‘overreach’ a necessary balance

Finance Minister Arun Jaitley has every right to believe and tell the Opposition that the job of dispute resolution provided in the GST Bill need not be handed over to the judiciary even though judges enjoy […]