Business

The Budget, which will lay down the roadmap for the economy under Narendra Modi government’s second term, has several expectations ranging from raising personal income tax threshold to spending on infrastructure and trade.

There is a growing demand for reverting to the pre-2014 notification where proficiency in local language by means of having studied the language at least till 10th standard was mandatory.

The Economic Survey 2018-19 also discussed the crucial role played by women farmers, saying 27.9 per cent of total operational land holdings cultivated by women are marginal and small ones.

The survey which was tabled in the Parliament on Thursday further pointed out that one in every three wage workers in India is not protected by the minimum wage law.

The Economic Survey says that compared to dwarf firms, young firms add more to employment and net value.

Federation of Indian Export Organisations demanded tax deduction on R&D investments, cut in corporate tax, reducing customs duty on capital goods which are not produced in the country, and higher budgetary allocations for the Department of Commerce.

Analysis of data released by Goods and Services Tax Network (GSTN) showed that while on an average, 50 per cent of the registered taxpayers filed GSTR-3B within due date in July 2017, the number increased to around 85 per cent as on June 23, 2019.

The company has cleared around Rs 750 crore for salaries, paid interest of around Rs 800 crore on loans and rest of the funds have been approved for operational expenses like electricity bill payments, partial dues of vendors etc.

The CAD, which is the net of foreign exchange inflows and outflows, had stood at $ 48.7 billion in FY18.

As the world is witnessing synchronised slowdown on the economic front, it would not be an easy task for the government to uplift domestic growth, the report said.

India, which typically ships cold-rolled coil, galvanized steel and some long products such as bars and rods to the EU, saw a decline in these shipments by as much as 30%.

Lower purchases of gold by India, the world's second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

KFC has sold outlets located across Karnataka, Andhra Pradesh and Telangana to Devyani International, which had acquired 13 KFC restaurants in Kerala and Goa late last year as well.

In the South, Kalyan is associated with Prabhu in Tamil Nadu, Nagarjuna in Andhra Pradesh and Telangana, Shivraj Kumar in Karanataka and Manju Warrier in Kerala to continue to establish the regional connect.

Binny, who had co-founded Flipkart with Sachin Bansal (not related) in 2007, had sold a small portion of his minority holding during the Walmart deal. The current sale is estimated to have reduced Bansal's holding from 3.85 per cent to 3.52 per cent.

There is a huge expectation from the new Finance Minister of an increase in the basic exemption limit from Rs 2.50 lakh to Rs 5 lakh.