Revenue concerns for the government make immediate tax cuts tough

Removing equity-related taxes may burn a Rs 80,000 crore hole in government kitty. More sops will mean raising tax on super-rich which has already been done in the budget or cutting welfare spend, both of which may not be feasible.

from Economic Times https://ift.tt/2N4qq3D

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Jagan moves closer to Centre, accompanies PM to Tirumala

In signs of growing bonhomie between Prime Minister Narendra Modi and Andhra chief minister YS Jaganmohan Reddy, the latter on Sunday accompanied the PM during his thanksgiving visit to Tirumala after winning a massive mandate in the Lok Sabha elections. Modi reciprocated by promising Jagan all support from the Centre. from India News | Latest News Headlines & Live Updates from India - Times of India http://bit.ly/2Kdd58X

BJP and SP talking about religion for votes: Mayawati

"The opposition parties, including the BJP, Samajwadi Party and others, are busy painting a Hindu-Muslim colour to the elections to hide their shortcomings. The BSP people will have to go to every village and every house to warn the people. This task must begin now," Mayawati said from Economic Times https://ift.tt/3Er0ab0

India’s agriculture technology can grow to $24.1 billion in 5 years: Report

A big chunk of the gains will likely be made by companies addressing supply chain and financial services solutions, driven by the availability of affordable high-speed internet and maturing of India’s digital content ecosystem, an EY report on India’s agri-tech potential said. from Economic Times https://ift.tt/2ZfE9tM

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