Mar 02, 2013, 11.32 PM IST
LDALL-BJP 3 LAST
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LDALL-BJP 3 LAST
LDALL-BJP 3 LAST
Like this story, share it with millions of investors on M3
LDALL-BJP 3 LAST
LDALL-BJP 3 LAST
Modi was the flavour of the conclave with several leaders Modi was the flavour of the conclave with several leaders praising him. "He made a hat-trick. We were delighted to hear about his victory. We had never seen a BJP chief minister winning three consecutive terms. His development model has been lauded by all, even at the international forum. Be it the US or the European Union all have praised his good governance," Rajnath Singh said in his inaugural address. "It won't be proper to welcome Modi with mere words. He deserves a good round of applause, a standing ovation," the BJP president said. He garlanded Modi amid slogan shouting by enthusiastic party members. The party top brass, comprising of Central leaders as well as chief ministers seated on the dais, were on their feet and and clapped for Modi. Though Singh tried a balancing act towards the end of his speech by praising other chief ministers, Modi appeared to be the favourite with the crowd. The BJP president said he was confident that Madhya Pradesh Chief Minister Shivraj Singh Chouhan and his Chhattisgarh counterpart Raman Singh will also win three consecutive elections when Assembly polls are held later this year in the two states. Singh also exhorted party leaders assembled at the National Council, which is meeting to chalk out its roadmap for the upcoming Assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Karnataka, Delhi and Jharkhand, as well as the general elections slated for 2014, to bury their differences and fight unitedly. The party has clarified that a decision on who should be made the BJP Prime Ministerial candidate will be taken at an appropriate time by the Parliamentary Board. Some of the top party leaders as well as allies like JD(U) are opposed to Modi being the Prime Ministerial candidate of the BJP and the NDA. PTI RC SKC PMS
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Modified provisions under GAAR effective April 1, 2016
- No change in standard rate of excise duty, service tax
flashes
- FM speaks to CNBC TV18
- Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
- Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
- Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
InterpretationS
- GAAR-Presumes tax benefit unless proved contrary
- MFs covered for deductions u/s 80CCG
- Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
- ED on readymade garments exempted: positive textile sector
SECTOR IMPACT
Select Sector to see impact
- Auto - Cars & Jeeps
- Auto - LCVs/HCVs
- Banks - Private Sector
- Banks - Public Sector
- Cigarettes
- Computers - Hardware
- Computers - Software - Training
- Construction and Contracting - Real Estate
- Electricals
- Engineering - Heavy
- Finance - General
- Finance - Investments
- Infrastructure - General
- Leather Products
- Media & Entertainment
- Mining/Minerals
- Miscellaneous
- Personal Care
- Pesticides/Agro Chemicals
- Power - Generation/Distribution
- Refineries
- Shipping
- Sugar
- Textiles - Denim
- Textiles - General
Textiles - General
18:52 pm
Exice Duty on readymade garments exempted +ve for textile sector
TAX AND YOU
Salaried Person
REACTIONS
reaction on: Markets
Mukesh Kumar
Head - Strategic Planning | HDFC ERGO General Insurance
reaction on: SME
Snehdeep Aggarwal
Founder & Chairman | Bhartiya International
reaction on: Policy
Sanjay Sanghvi
Partner | Khaitan & Co
reaction on: Business
Govind Shrikhande
MD | Shoppers Stop
reaction on: Business
Gaurav Gupta
Sr Director | Deloitte
What got Cheaper / costlier?
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