The Finance Minister has taken a very pragmatic approach and crafted a Budget in a manner which can provide a boost to both infrastructure and manufacturing which will create employment and also augment IndiaÂ´s competitiveness vis-a-vis its peers and at the same time adhered to the Prime MinisterÂ´s Â´Make in IndiaÂ´ vision
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The draft rules on general anti-avoidance rules (GAAR) prepared by an expert committee chaired by Parthasarathi Shome is sent to the prime minister and a final decision would be taken in 10 days. This information was given by Finance Minister P Chidambaram. The Shome committee suggested that the controversial rules be deferred until 2016-17 and that safeguards be put in place to ensure that taxpayers are not harassed by the rules that seek to deny tax bene