Whether GST is implemented in 2010 or gets delayed further, the momentum seems to be building irreversibly towards its introduction. This would be by far the biggest story on the indirect tax front.
The commitment to introduce the new Direct Tax Code signifies the government’s vision to keep tax laws simple and promote tax certainty and improve the quality of tax compliances.
The Finance Minister is confident of introducing a uniform goods & services tax (GST) across states by April 2010. Whilst the benefits are plenty, the task is a challenging one.
Given the Budget’s silence on a number of key issues, Finance Secretary Ashok Chawla has had to spend most of his time after July 6 explaining the unstated details of the Budget strategy. In a candid interview with Puja Mehra, Chawla elaborates on the Budget’s growth gamble.
This Monsoon Budget is not a downpour, instead it is more like a drizzle. After the decisive Lok Sabha elections, there was hope that the Budget would reflect equally decisive reform steps.
Finance Minister Pranab Mukherjee, presenting Union Budget 2009-10, risks it all in his gamble for growth. He does have a few aces up his sleeve, but they may not be enough. Puja Mehra tells us more.
Posh Mayfair restaurant Taman Gang comes to India.
The company in which you have a bottle of wine makes a difference to its taste. The price isn’t directly proportional to the level of enjoyment you can extract from it.
Far from the madding crowd, Wildflower Hall in Shimla is a tribute to colonial pleasures.