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Tuesday, 1 March 2016

Today's News in Media :01.03.2016

The Businessline newsletter

With a rural push, and a political intent, Jaitley advances the Modi government's focus shift

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"I am maintaining the credibility of the process by giving lower tax rates…," Finance Minister Arun Jaitley says, countering criticism that his Budget does not lay out any roadmap for corporate tax re...
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The fiscal deficit target has been maintained even after rise in expenditure

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Specific and targeted, but with some hiccups
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Indian shares fell on Monday in a volatile session, with energy companies such as Oil and Natural Gas Corp slumping after the government unveiled a higher-than-expected tax in its budget for 2016/17, offsetting hopes...

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Presenting his third Budget, Finance Minister Arun Jaitley made no changes in the personal or corporate income-tax slabs but made costlier several items by raising duties. The Budget brought in a new 0.5 per cent Krishi Kalyan Cess on all taxable services to fund agriculture while proposing a retirement tax on 60 per cent of the pension and provident fund corpus including EPF created after April 1, 2016.
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The Budget speech gives a bird's eye view of the country's fiscal situation. But if you need more information to understand the finer points, you need to go to the official Union Budget website -- http://indiabudget.nic.in/. Here's a brief on the various sections in this website and what they contain, to help you navigate the site Muthukumar K

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The Budget session can get quite volatile. It's best to keep away on the B-day
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Removal of some exemptions can seal the leakage of benefits from the system

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What's changedUnlike the widely expected scrappage policy for old vehicles or steps to rationalise excise duties, what the Budget brought for the auto sector is an infrastructure cess on vehicles. A cont...
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Foreign portfolio investors offload ₹2,018 crore worth shares

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Foreign investors can now invest up to 15% in exchanges
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As legions of fitness enthusiasts lace up around the country and splurge on fancy kits, marathon races are becoming moneyspinners. It also helps that running is the new golf, a networking opportunity for business magnates and sundry celebrities

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We need a budget that understands the voices of Kanhaiya Kumar and Umar Khalid
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In the run-up to the Budget, there was a debate on whether the government should stick to the fiscal deficit target of 3.5 per cent in 2016-17. While letting go off the target would mean slipping off the fiscal path,...

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Steel sector may be particularly affected
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