Union Budget 2016-17, FM Arun Jaitley, income tax, corporates, Jayant Sinha
Decoding the Budget
Budget paves way for global vulture funds entry

Vulture funds - or funds specifically focused on distressed assets - aren't new to India, having been in the country since 2000/01, but the regulatory hurdle of not being permitted to repatriate funds saw many lose interest.

Some voices from the government sought to assuage the feelings of the middle class on Monday when they said taxation on EPF withdrawal would not be in retrospect.
The industry that was expecting some incentives like fleet modernisation to spur demand, though, remains a disappointed lot.
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