Currently, only BSNL landline broadband service with 2G speed is functional in Jammu while the entire Kashmir region with 10 districts is without net facility.
"I don't think tax cuts will leave a gaping hole in the fiscal numbers. There will be some, which will be minor," Kumar said.
The average effective tax rate for roughly 8.4 lakh firms that filed returns for 2017-18 was just over 29%.
The new rate will reduce cost of capital by repositioning India as one of the most competitive economies.
India printed 5% in Q2, but the numbers still look very good, JP Morgan Asia Pacific deputy CEO said.
Industry representatives demanded one-time loan restructuring of developers and changes in insolvency law to have maximum benefit from this fund.
The lower mop-up reflects the deepening slump in demand and overall growth. In the first quarter the GDP slowed to a six-year low of 5 percent.
Shifting the fiscal centre of gravity means that cutting states’ finances would worsen the slump.
The Videocon resolution process has been going on for 427 days, and the tax authorities are seeking a quick redressal.
Investors have sold $4.5 bn of shares since June, on course for the biggest quarterly exodus since 1999.
The depreciation on cars purchased during the period will be 30 per cent as against the normal rate of 15 per cent.
Das said it was important to see whether alternative sources of supply come up and how soon the installations take to resume operation.
The total savings deposits with commercial banks, including foreign ones, in 2018-19 stood at Rs 40.31 lakh crore, up from Rs 36.55 lakh crore in 2017-18, the data showed.
Swamy has come out with a book in which he takes a critical look at various aspects of the Indian economy, both past and present.
As per the latest notification, MDR has been revised to 0.60% for transaction above Rs. 2,000 with a maximum cap of Rs 150 per transaction. Presently, this is capped at 0.90% for transaction above Rs. 2,000 with higher cap of Rs 1,000 per transaction.
The central government had no outstanding loans in the week earlier as well.
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