Marketmen said interest-sensitive sectors such as banking, NBFC, capital goods and auto could well be out-performers this year.

Corporate India finds govt schemes like Jan Dhan Yojana, announcement to build Smart Cities 'promising' and is hopeful that the next Budget would make progress on these.

GST, which has been stuck for the last seven years, will subsume most of the indirect taxes like excise duty and service tax at the Central level and value-added tax and local levies on the states front.

It was agreed that petroleum goods would be kept out of the Goods and Services Tax (GST) Bill for initial few years and a decision to include in the new tax regime would be taken later, sources said.

 The Tamil Nadu CM has been fined a staggering Rs 100 crore by a special court whose verdict unseats her from the post and could send her to political exile.

The Finance Minister was admitted to a Delhi hospital on Sept 1 for treatment to manage a diabetic condition, and had originally been expected to leave after a few days.

Fiscal federalism will get a boost with the Planning Commission being disbanded.

The frenzy of Budget accounting and planning is now divided between North Block (which houses the finance ministry) and South Block (where the Prime Minister's Office is located) on Raisina Hill, which offers a panoramic view of Lutyens' Delhi.

PVK Mohan, head of equity, Principal Mutual Fund, says that equity markets would see sharp corrections but investors can expect 15-20 per cent return in next three years.

With growth at its lowest in over a decade and inflation, job creation and investments remaining major challenges, new government under Narendra Modi has its task cut out to reverse months of perceived policy inaction and revive the stagnant economy.

The surge in e-filing has also helped the growth of a number of efiling websites because even though e-filing has seen a sharp rise, experts point out that many people remain unsure about the laws and the actual procedure.

An engaging panel discussion organised by Business Today aboard The Oberoi Motor Vessel Vrinda in the serene environs of Kerala's backwaters throws up a host of suggestions for better policy making for six different industries.

Kris Gopalakrishnan, Executive Co-Chairman of IT bellwether Infosys Ltd, recently took over as President of the Confederation of Indian Industry. He discusses the economy and how India's per capita income can be trebled to $5,000 from its present level, in an exclusive interview with K. Sai Srinivas.

Motilal Oswal, Chairman, Motilal Oswal Financial Services says Chidambaram will take decisive steps in the budget to turn the economy around and create a more investment-friendly climate.

According to the latest data from the Ministry of Overseas Affairs, the number of emigrants from Bihar surged from 36,493 in 2006 to 71,438 in 2011. Siwan and Gopalganj are the new hotspots for remittances, dramatically transforming the lives of people in the region.

Prime Minister Manmohan Singh may succeed in reviving business sentiment with his recent announcements but moving the needle on the economy will take a lot more doing.

Finance Minister P Chidambaram while addressing addressing Chief Commissioners and Directors General of Income Tax also expressed confidence in meeting direct tax collection target of FY13.

Sandeep Singal, Co-head, Institutional Equities at Emkay Global Financial Services, talks about what impacts FII investments and its importance for the Indian market.

Stagflation concerns mount as businesses struggle with rising input costs and slowing growth.

Indian equities appear attractively priced to generate superior returns in the remaining part of the year, with a target on Nifty ~6050 by December 2012, writes Rajesh Cheruvu, Head of Investment Strategy, RBS Private Banking.