Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more

From Direct tax code panel seeking 4 slabs to RBI rejecting Sebi's plan for rating agencies, here are the top business headlines on Tuesday

Direct tax code panel wants 4 slabs, 35% I-T for Rs 2 crore income

The panel for drafting a new legislation on direct taxation has suggested an overhaul of personal income tax (I-T) slabs, to increase disposable income and give a fillip to consumer demand. Sources said the draft legislation had proposed four tax brackets by introducing a new slab of 35 per cent for those earning an annual income of Rs 2 crore and above. Read More
 

RBI turns down Sebi plan for credit rating agencies' access to defaults

The Reserve Bank of India (RBI) has