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Biztro

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Biztro
Biztro
outlookindia.com
2016-02-11T19:51:18+05:30

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.

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