BS Reporter
BS Reporter
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FM hikes basic exemption, 80C limits
Investment limit in PPF increased to Rs 1.50 lakh from Rs 1 lakh
 "FM hikes basic exemption, 80C limits")
Budget: Samajwadi Party terms Budget pro-capitalist
Party says Budget had dashed the expectations of 'acche din' of millions of people
 "Budget: Samajwadi Party terms Budget pro-capitalist")
Some relief in your monthly budget
Soaps, deodorants could become cheaper; aerated drinks could cost more
 "Some relief in your monthly budget")
Budget reflects seriousness of new govt: Jayalalithaa
Tamil Nadu CM says Budget is forward looking and will lead to economic revival
 "Budget reflects seriousness of new govt: Jayalalithaa")
Budget moves a needed boost for both realty sector, buyers
The important proposals are according of pass-through status, relaxation in FDI norms, raising the tax-exemption limit on housing loans
 "Budget moves a needed boost for both realty sector, buyers")
BJP to continue with UPA's Rs 20,953 crore project in Tamil Nadu
Union Finance Minister allocates Rs 11,635 crore for Tuticorin Port development project
 "BJP to continue with UPA's Rs 20,953 crore project in Tamil Nadu")
FM says FY15 fiscal deficit will be 4.1%
Personal income tax exemption raised to Rs 2.5 lakh; PPF ceiling increased to Rs 1.5 lakh
 "FM says FY15 fiscal deficit will be 4.1%")
Aegis sells its US business, Philippines & Costa Rica to Teleperformance for $610 mn
AUI represents revenue of $400 mn and has more than 19,000 full time employees across 16 centers in three countries
 "Aegis sells its US business, Philippines & Costa Rica to Teleperformance for $610 mn")
Indian Hotels sells Sydney hotel for Rs 180 cr
Divestment has been undertaken as part of Taj Group's strategy to focus on markets core to group's operations
 "Indian Hotels sells Sydney hotel for Rs 180 cr")
What does pass through status for REITs mean?
Pass-through means income generated would be taxed in hands of investor, and fund itself would not have to pay tax on same
 "What does pass through status for REITs mean?")
'Better days' still far away: Survey
FY15 GDP growth pegged between 5.4% and 5.9%; A speedy return to 7-8% growth path ruled out
 "'Better days' still far away: Survey")
Cull coercive state laws, end monopolies
Agriculture: Poor rains immediate worry
 "Cull coercive state laws, end monopolies")
Fiscal situation worse than it appears
Deficit: New FRBM Act with strict penalties needed
 "Fiscal situation worse than it appears")
Prescription to tame rising prices
Inflation: Free diesel price, end open market grain purchases
 "Prescription to tame rising prices")
Survey seeks reforms in expenditure
C Rangarajan had also recommended doing away with the distinction between Plan and non-Plan expenditure
 "Survey seeks reforms in expenditure")
El Niño, Iraq crises are hurdles
Monetary Policy- Easing expected to happen later this financial year
 "El Niño, Iraq crises are hurdles")
PPP norm overhaul holds the key
Infrastructure: Role of banks and financial institutions needs a relook from the due diligence and appraisal perspective
 "PPP norm overhaul holds the key")
Slow economic recovery looms
Macroeconomy: Put fiscal house in order, move on tax reforms, ease state fetters on market forces
 "Slow economic recovery looms")
Passenger vehicle sales up 11%
218,828 units sold in June; growth registered for the second straight month
 "Passenger vehicle sales up 11%")
EU slaps Rs 324-cr fine on Lupin for blocking hypertension generic
The anti-trust wing of the Commission has slapped a hefty fine of Rs 3,458.7 cr on five generic drug manufacturers
 "EU slaps Rs 324-cr fine on Lupin for blocking hypertension generic")