02 March, 2021


Business in bitesizes


1. Modi Sarkar’s Change Of Plan   

Is the Narendra Modi government turning, gasp, leftwards? There have been many signals that indicate the government is keen to shed the corporate-friendly tag. Modi personally castigated corporates at the recent ET Global Business Summit, saying an “incentive” or “subvention” was just another word for a subsidy. In particular, he signalled out dividends and long term capital gains from the sale of shares—both are tax exempt. The government has also brought back the NREGA with a bang, and is putting more money into the implementation of the Food Security Act. Going by the flurry of  rec­ent announcements, the state-run enterprises may soon be pressed into creation of massive projects. Insiders say there’s eevn more to come.

2. Warnings From...

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