Market will also be guided by other key factors like Brent crude movement, rupee-dollar trend and foreign investment flows
Removal of duty on ferro-nickel and stainless steel scrap is a long standing demand and the Ministry of Steel has also at times batted for zero duty on these items.
If these do get disclosed, then if a borrower has defaulted for only a day, no bank will again offer him a loan
The government needs to appoint economists in secretary level positions in all ministries for things to improve
Exporters also hope the Budget will clear the confusion around the old MEIS, which has been discontinued by the government as well as the uncertainty over the awaited RoDTEP scheme
Secondary metal industry says metal recycling should be treated as a priority sector.
From Huawei's likely 5G trial to DHFL-lenders meet, Business Standard brings you the top business headlines of the day
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Invest India demands accommodating companies set up a few months earlier
The roadmap, companies like JSW Energy and Adani Transport say, helps them decidedly lay down their own multi-year investment plans
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
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.
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
Congress leader Rahul Gandhi on Friday took a swipe at Prime Minister Narendra Modi, saying his "extensive" budget consultation is reserved only for his crony capitalist friends and the super rich and not farmers, students, youth, women or the middle class. Gandhi's comments come a day after Modi met economists, private equity and venture capitalists, business leaders and agri experts at Niti Aayog and called for focussed efforts from all stakeholders to achieve the target of nearly doubling the size of the Indian economy to USD 5 trillion by 2024. Using the hashtag "SuitBootSarkar" he alleged that Modi has no interest in views or voices of such people like farmers, students, employees and small businessmen. "Modi's most extensive budget consultation ever, is reserved for crony capitalist friends & the super rich. He has no interest in the views or voices of our farmers, students, youth, women, Government & PSU employees, small businessmen or middle class tax payers," Gandhi ..
Experts blame the change in tax dynamics for the sharp drop in buybacks