All you need to know about the Budget to realign your finances with the new tax rules.
Low cost of debt has helped Reliance raise huge loans. Jio's success is a must for it to again rebalance its debt-to-equity ratio. While spending prudently, Arun Jaitley has managed to ensure that the government's pet schemes don't remain underfunded. The cab aggregation industry is facing a demand-supply mismatch, denting the earnings of drivers. New US administration's move on H-1B visas and protectionist rhetoric are bad news for India's exports, especially from the information technology sector. Shares pledged by promoters touched a 13-quarter high at the end of December. The proposed Vodafone-Idea merger, although beneficial for the sector, may not augur well for consumers.
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The Budget has the potential to reverse the declining investment cycle and spur demand growth, eventually building up to 7 per cent-plus GDP growth in 2017/18 Rural, agriculture and allied sectors get top priority. The allocations are tilted towards schemes and projects that have already been prioritised. The book explains in great detail Mao Zedong's dogged pursuit of ideologically pure communism, and the resulting catastrophe. Cloud telephony is at a take-off point but a poor regulatory environment may yet derail it. Adequate finance to MSMEs is a must to help them get out of the slump caused by demonetisation. The Budget tries to do just that The finance minister has brought down the fiscal deficit to an unprecedentedly low level. Now he must raise his ambition Consumer and cement sectors may benefit from the rural focus and thrust on infrastructure may help select defence and capital goods stocks Poll frenzy has led to a spike in demand for business aviation, but demonetisation could spoil the party. Real estate gets a shot in the arm, with a raft of proposals for the sector. The government continues to bet on high infrastructure spending to get growth going. It is time to focus on getting the execution right. Hit by scams and delays in clearances, the mineral mining sector struggles for investments while shelved projects pile up. Microsoft CEO Satya Nadella joins the chorus of opposition to curbs on entry of immigrants from some countries announced by US President Donald Trump. Leo Puri has a plan to help UTI AMC get its mojo back. But it may be difficult to make it work.
Indian retail is set to script a turnaround after years of weak demand and sluggish growth.
Still, the 'narrow' corridor managed to include measures to boost consumption, to provide growth stimulus, and to ensure fiscal discipline. This Budget has relied on strengthening strategies for agricultural progress articulated in the previous year, rather than new initiatives
Letters to the Editor Business Today Magazine
Kurt Stoeckli, President and Chief Scientific Officer, Glenmark Pharmaceuticals, talks to P.B. Jayakumar about the latest trends in drug research globally.
In my letter (A Lack of Data) in the Business Today pre-Budget special, I had pointed out: "Almost all economists agree what the finance minister ought to do. He should go in for hefty tax cuts to make firms and consumers start spending again, deepen the social security net so that the poor are benefitted, and boost government spending on infrastructure to get the economy going."
It imparts a great lesson in governance, and brims with the author's years of expertise in the domain.