News digest: Budget 2018, stressed steel firms, Gujarat polls, and more

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1512336977 6756

Pensioners, India Inc may get tax breaks in Budget


The political message of Union Budget 2018-19 is expected to be consolidating the gains from the big-ticket changes of the past three years rather than introducing radical departures.  This is the conclusion of top officials as the finance ministry wraps itself up in the veil of secrecy two months before the Budget is read in Parliament by the finance minister.  However, the one area in which some changes could be possible is direct tax rates for the corporate sector. Read more

The Centre, struggling to rein in its fiscal deficit at 3.2 per cent of gross domestic product (GDP), faces worries on the direct taxes front too. The Central Board of Direct Taxes (CBDT) has asked for a lower collection target than that given in the Budget Estimates this financial year, owing to subdued economic activity. Read more


Gujarat elections: accuses Congress of stoking communal fire


A day before Rahul Gandhi was scheduled to file his nomination papers for election to the post of Congress president, Prime Minister on Sunday attacked the opposition party for the “absence of internal democracy”. Read more

Bid deadline for stressed steel firms extended


Eicher Motors, battle it out for mid-segment bike market


Rajiv Bajaj calls him a “good friend”, yet his company, Bajaj Auto, is waging a bitter battle against Siddhartha Lal’s Eicher Motors to break into the 250 cc-plus motorbike market, where the latter reigns supreme. In a tweet last week, Lal, chief executive officer, Eicher Motors, said, “Royal Enfield’s sales are equivalent to the global sales of Harley-Davidson, KTM, BMW, Triumph, and Ducati, combined. Read more

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About Craig Ballantyne 21336 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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