The government has been quick to respond to the slowdown
The Commerce and Industry Ministry in its Budget recommendations to the Finance Ministry has proposed rationalisation of basic customs or import duty on over 300 items from different sectors
The basic customs duty on metal scraps is in the range of 2.5 to 5% at present
It further proposed that investments up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of 5 years.
Experts say the govt missed the bus on ITC benefit under GST, industry status and single-window project clearance
Business Standard presents its action taken report (ATR) on key announcements in the FY20 Budget
The proposals floated by MeitY include offering of interest subsidy on local borrowing by manufacturers
Hopes are running high in the aluminium industry that the finance minister will finally end the inverted duty regime
With destocking over, growth is stabilising but its revival faces several pro-cyclical headwinds
The value of MF holdings in in ICICI Bank increased by Rs 2,900 crore in December
He alleged that Modi has no interest in views or voices of such people like farmers, students, employees and small businessmen
Experts blame the change in tax dynamics for the sharp drop in buybacks
If there's a time-bound plan to raise Rs 3-5 trillion through disinvestment, which is more than adequate to cover the spending, it won't affect the ratings, says Sangita Reddy
Bajaj's remarks come against the backdrop of one of the most prolonged slowdowns plaguing India's automobile market, amid a slowing economy and dipping consumer confidence
In the last such instance in 2015, the stock markets were kept open for regular trading hours - which is from 9:00 am to 3:30 pm
What should the government do?
Sources said that a higher flat rate is also being looked at for the super rich but discussions on this have remained inconclusive.
In the pre-Budget meetings, economists and experts have been advising Sitharaman and Prime Minister Narendra Modi to leave aside fiscal concerns
"One of the most important issues is job creation...the most fundamental drive has to be growth with jobs," Srinivasan said
As per the existing duty structure, both coking coal and anthracite coal attract 2.5% import duty