Top headlines: Anil Agarwal mulls merger, Budget moves quietly on taxes

The FY23 Budget’s nominal GDP assumptions factor in an expectation that the deflator will show a ‘reversal to the mean’ in the coming year, finance secretary TV Somanathan said. Read all the top headlines here: 

Anil Agarwal weighs merger of holding company with cash-rich India unit 

Indian billionaire Anil Agarwal is considering a potential merger of his commodity empire’s indebted holding company with cash-rich listed unit Vedanta Ltd., people familiar with the matter said. Read more

Indirect Taxes: Union Budget 2022 is a transformative and progressive 

The Economic Survey 2021-22 was a precursor to the Union Budget