Business/Economy
No end to worries for automakers as sales continue to fall in February - Amit Panday, Mint
India’s top carmakers reported lower sales in February as they adjusted production to prepare for an impending shift to producing vehicles that can meet stringent emission norms even as they battle supply chain challenges due to the coronavirus epidemic.
Vodafone Idea’s exit may increase Airtel, Jio’s opex & capex: Analysts - Kalyan Parbat, Economic Times
A potential Vodafone Idea (VIL) shutdown could push opex and capex levels up in the near-term for Bharti Airtel and Reliance Jio Infocomm, but such cost upticks would be more than offset by strong customer gains for both telcos if the sector takes on a private sector duopoly structure, analysts said.
Six income tax slabs in, 70 exemptions out: Impact on taxpayers - Babar Zaidi, Economic Times
The Budget 2020 has made the tax structure more complicated by adding three income tax slabs. The removal of tax exemptions and deductions certainly makes compliance less tedious, but avid tax planners who maximised their tax deductions will probably pay more tax under the new tax regime. The budget has tried to put more money in the hands of taxpayers by curtailing the incentives to save.
It is possible to fix the economy - Meenal Jagtap, Pioneer
Finance Minister Nirmala Sitharaman will present her second Union Budget today at a time when the Indian economy is grappling with the lowest growth in six and a half years, with the Gross Domestic Product (GDP) dipping to 4.5 per cent in the July-September quarter. Economists are now more or less in agreement that the current  slowdown has cyclical as well as structural features.
Alarming Data! Taxpayers lose massive Rs 98,900 crore in Public Sector Banks (PSBs) - Rajeev Kumar, Financial Express
Taxpayers’ total money invested in Public Sector Banks by the government suffered a massive loss in 2019. According to Economic Survey 2019-20 report released today, over Rs 4,30,000 crore of taxpayers’ money is invested in PSBs as Government’s equity. The report said that on an average, every rupee invested in PSBs suffered a loss of Rs 23 paise. Even if we consider Rs 4,30,000 crore as the taxpayers’ total money in PSBs, the total value of loss in one year would be a massive Rs 98,900 crore!
This stock delivered 1,000% returns in 10 years, but now at 52-week low: Is it a good bet to look at? - Ami Shah, Economic Times
Shares of electrical equipment maker Havells India are languishing at 52-week low, hurt by disappointing third quarter earnings. Analysts are divided on the prospects of the stock from here on.
Centre Mulls SPV With 5G Sweetener as Solution to India's Telecom Crisis - Manoj Gairola, Wire
The Narendra Modi government is considering setting up a special purpose vehicle (SPV) to reduce the telecom sector’s financial stress, according to a communication sent out by Cellular Operators’ Association of India (COAI) to its member telecom service providers.
Amazon not doing India a favour by investing $1 billion: Piyush Goyal - Money Control
Commerce Minister Piyush Goyal, on January 15, said that investors in e-commerce space should not try and look for loopholes in the existing framework of laws that regulate business in the country. He added that a probe into Amazon's activities has already been initiated and the company is not doing India any favours by investing $1 billion in the country.
Reliance Jio, Retail likely to be strong in Q3; petchem could see some pressure - Money Control
Oil-telecom-and-retail major Reliance Industries is expected to continue to report robust growth in consumer segment, telecom and retail arms, with steady refining business, but petchem is likely to be under pressure due to reduced margin for the quarter ended December 2019.
When Vodafone Idea shuts, govt will be biggest loser! - Sunil Jain, Financial Express
Apart from investors in both Vodafone Plc and Idea, the Government of India will be the biggest loser if Vodafone Idea shuts down as looks increasingly likely with the Supreme Court refusing to review its faulty ruling on the AGR dues of the telecom industry; apart from anything else, the fact that PSUs that earned Rs 35 crore in revenues need to pay Rs 172,655 crore of AGR dues should make it clear how faulty the judgment was.
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