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Business Standard
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BUDGET LIVE: Budget on schedule, Cabinet meeting to be held shortly Cabinet meeting to be held shortly in Parliament #Budget2017Home Minister Rajnath Singh and Union Minister Ananth Kumar visit IUML MP E Ahamed's residence. He passed away this morning. #Budget2017BUDGET EXPECTATION: We expect the Government to announce an ‘anti-rich’ budget which focusses on installing penalties on cash transactions, tax on the withdrawal of cash from the banking system, income tax relief for the middle class and potentially an adverse capital gains tax-related decision for equity investments. Additionally, we expect a moderate increase in revenue expenditure allocation whilst capex is deprioritised. Jaitley reaches Parliament; Budget on schedule PM @narendramodi arriving in Parliament House, for the #Cabinet Meeting before presentation of #Budget2017— PIB India (@PIB_India) February 1, 2017 Saddened by E Ahamed ji's demise but Budget will be presented.

Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit The Union Budget this year seems particularly important in the aftermath of the India’s biggest decision of 2016 – demonetisation and preceding elections in UP. A recent report by Ambit capital suggests that Union Budget is likely to be focussed primarily on reinforcing the ‘black money crackdown’ theme with a secondary focus on delivering token payments to the poor as well as income tax cuts. According to the report by the brokerage firm, the government is expected to announce an ‘anti-rich’ budget with a secondary focus on: delivering token payments to the poor; and tax cuts for the middle class. Setting the scene for cashless economy and curbing more black money for the coming months, the budget might include the below features: An adverse decision on the Capital Gains Tax frontSteps to create penalties for undertaking cash transactionsMeasures to prevent withdrawal of cash from the banking systemAs intensification of tax raids Read Article Source>>> Like this: Like Loading...

Modi replies to Akhilesh's taunt, says people of UP are not fools Taking a jibe at Chief Minister Akhilesh Yadav's repeated assertion of 'kaam bolta hai', Prime Minister Narendra Modi on Monday threw light on the rising crime rate in Uttar Pradesh and accused the Samajwadi Party of fooling the people. "They (Akhilesh) say 'kaam bolta hai', but several projects here are incomplete. What is speaking volumes are the instances of women harassment in the state," Prime Minister Modi said while addressing a rally here. "The people of Uttar Pradesh are not fools. Prime Minister Modi accused the Samajwadi Party of not fulfilling the promises made to the people of the state. "A scam that you (Akhilesh) promised to look into from the tenure of Mayawati was not done. Prime Minister Modi also taunted the newly-formed alliance between the Samajwadi Party and Congress while stating that nothing can redeem their past misdeeds. Polling in these constituencies will be held on February 15. The result will be declared on March 11.

Uttarakhand elections: Rahul Gandhi, Harish Rawat perform Ganga aarti With just two days left for the Uttarakhand assembly polls and the state Congress striving hard to woo voters in the last leg of the election campaign, vice-president Rahul Gandhi and Chief Minister Harish Rawat took part in Ganga Aarti at Haridwar's Har Ki Pauri late night on Sunday. Rahul also held a 75-km long road show and a Nukkad Sabha in the city. A day before, tearing into Prime Minister Narendra Modi's 'real' motives behind demonetisation, Rahul Gandhi branded the move as a tool to waive off loans worth crores taken by some 50 rich families, instead of an initiative against black money as the Prime Minister has projected. "He claimed that black money is in Swiss bank accounts, and that he would bring the money back from Swiss banks. The Swiss government has given him the names of Swiss account holders. I want to ask Prime Minister Modi, why have you not revealed those names in the Lok Sabha and Rajya Sabha?

Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC Emphasising that expenditure on public health in the country was quite low, Rana Mehta, partner and leader (healthcare), PwC said the government needed to focus on preventive and promotive care. Mehta also stressed on the need for a robust medical fraud detection engine as part of the insurance claims process. He was responding to questions on a Business Standard live chat on what should be expected from the coming Budget for improving health care in the country. Excerpts: How should government spending on healthcare be increased? India has among the lowest spends on public health. What steps should be taken to reach quality healthcare facilities to the bottom of the pyramid? Like this: Like Loading... Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit In "BUDGET 2017" Budget 2017 wishlist: Five expectations from the infrastructure sector Budget 2017 wishlist: Expectations from the real estate sector

UP polls 2017: BJP pulls all stops in the battle for Bundelkhand The Bharatiya Janata Party (BJP) dominated the campaigning in the Bundelkhand region with its star campaigners Rajnath Singh and Uma Bharti, both Union ministers and prominent personalities in Uttar Pradesh politics, as rallies and roadshows hit their last leg for the fourth phase of the Assembly elections in the state. Samajwadi Party’s (SP's) Akhilesh Yadav, Bahujan Samaj Party’s (BSP's) Mayawati and Congress’ Rahul Gandhi had their last big rallies for the fourth phase during the weekend, with nothing listed for the last day of campaign in Bundelkhand, a region seen as mostly ignored by political parties. However, Congress, which has entered a pre-poll coalition with the SP, is betting on Mohammad Azharruddin to convert his cricketing charisma into votes for the party. Just a day ago, Congress leader Raj Babbar could not make it to a massive rally organised in Lalitpur’s Mehrauni constituency as the former actor’s helicopter developed a snag. BJP, meanwhile, went all out.

UP: Woman who accused SP MLA of rape found dead in Sultanpur A 22-year-old woman, who had accused Samajwadi Party MLA Arun Verma of raping her along with some other youth in 2013, was found murdered near her house in Sultanpur, police said on Monday. The body of the woman, who was missing since Saturday, was found on Sunday near a primary school in Jaisinghpur, they said. An FIR has been registered in this regard. Police said the injury mark around her neck suggested that she was strangled to death. The woman had alleged that the local MLA, who is also the SP's Sultanpur candidate for the February 27 polls, and some others had gang raped her in September 2013. At one stage, the woman had withdrawn her allegation and some local youths were charge sheeted in the police investigation. Police is probing the matter and going through call records of the woman.

Budget 2017 wishlist: Expectations from the real estate sector Industry size: India’s real estate market is expected to touch $180 billion by 2020Source: India Brand Equity Foundation Employment figure: The Indian real estate sector has backward and forward linkages to approximately 265 ancillary industries. It employs over 50 million people. In India, real estate is the largest employer after agriculture and is slated to grow at 30 per cent over the next decadeSource: National Skill Development Corp Contribution to gross domestic product (GDP): Real estate contributes over six per cent to the country’s GDP Source: India Brand Equity Foundation Key issues or areas of concern for the sector Slow pace of sales leading to large unsold inventory (large demand-supply gap)Lack of investment support and insufficient funds, especially for project construction Like this: Like Loading... Budget 2017 wishlist: Five expectations from the infrastructure sector In "BUDGET 2017" Budget 2017 should focus on preventive, promotive healthcare: Mehta of PwC

Kanpur train accident was conspiracy from across the border: PM Modi At a public rally in Uttar Pradesh's Gonda district, near the Indo-Nepal border, Prime Minister Narendra Modi on Friday said that the train accident in Kanpur on November 20, 2016, was a terror attack. He said hundreds were killed in the accident and the "conspiracy" was hatched from across the border. The PM appealed that people shouldn't cast their vote for those who were likely to help terrorists from across the border and make Gonda, and India, unsafe. On November 20, several coaches of the Patna bound Indore-Rajendranagar Express had derailed in Pukhrayan, near Kanpur Dehat. In its preliminary report, the Commissioner of Railway Safety (CRS) found no evidence of sabotage in the November 20 accident. But there was a twist to the tale when in January Bihar police arrested Moti Paswan, Uma Shankar and Mukesh Yadav for allegedly planting an IED, or Improved Explosive Device, on a track in Ghorasahan, East Champaran district of Bihar on October 1.

Brand Akhilesh Yadav and the American style of campaigning The 2014 general elections represent a watershed in the Indian electoral history in many ways. For one, it changed forever how campaigns are conducted in the country. The Lok Sabha poll campaign saw the then Gujarat chief minister, Narendra Modi, creating a parallel campaign machinery outside of the party to take his word to the people. Citizens for Accountable Governance (led by political strategist Prashant Kishor) helped Modi run a political campaign that could have given any MNC giant a run for its money. Lessons from this campaign have been learnt by other political parties as well – some more than the others. In the 2014 campaign, the Samajwadi Party had suffered due to its poor reputation when it came to law and order in Uttar Pradesh. Later, six members of Yadav’s team travelled to the University of Akron in Ohio and attended an international fellowship programme for two months that coincided with the US presidential polls in 2016.