Business/Economy
Boost for infrastructure - Hindu
The maiden budget of the Narendra Modi Government has allowed banks to raise long-term funds from the market to finance infrastructure projects. For funds thus raised, banks are freed from requirements with respect to Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR) and Priority Sector Lending. The move is in tune with the recommendations of the Nachiket Mor Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households.
Land Act to lose its bite, to give industry back its stride - Financial Express
With major states including those ruled by parties outside the ruling alliance raising objections to a host of unworkable provisions in the new Land Acquisition Act, the Modi government has put the Act, which came into force just six months ago, under a comprehensive review.
Jaitley's war on tax terrorism - Sukumar Mukhopadhyay, Business Standard
After the tax terrorism of yesteryear, this Budget is a refreshing change for taxpayers with several measures that address their genuine problems. Though the government had just 45 days to prepare the Budget, Finance Minister Arun Jaitley had access to the first part of the report of the Tax Administration Reforms Commission (TARC) chaired by Parthasarathi Shome.
PMO pulls up NHAI as R17,000 cr yet to be disbursed to developers - Priyadarshi Siddhanta, Indian Express
With an estimated Rs 17,000 crore still to be disbursed to the road developers even after the completion of their projects, Prime Minister Narendra Modi’s office has asked the National Highways Authority of India (NHAI) to expedite the resolution of contractual disputes to rekindle investors spirit in the sector.
Centre to shield businesses from ‘inspector raj’ with new system - DK Singh, IE
Even as the Centre holds consultations with stakeholders to amend various contentious labour legislation, the NDA regime has decided to strike at the much-dreaded inspector raj introducing a new inspection system that will shield business establishments against frequent harassment and rent-seeking.
NDA government manages food prices better - Zia Haq, Hindustan Times
A harbinger of ‘ache din’ promised by the Modi government could be just around the corner: easing food prices amid a looming drought. This has prompted analysts to wonder how prices have ended up lower at a time when they could have  been even more sticky.
India closes in on $20bn Rafale deal - Times of India
Liberalization of foreign direct investment in insurance could result in inflows of over $20 billion over the next three to five years. Insurers also expect to gain from the increase in tax breaks under section 80C of the Income Tax Act to Rs 1.5 lakh and service tax relief for micro-insurance schemes.
Govt plans national food grid to rein in prices - Surojit Gupta & Sidhartha, ToI
The government is working on a national food grid, connecting deficient areas with producing regions, as part of a plan to reduce wastage of fruits and vegetables while ensuring stable prices that can help tame stubborn food inflation, food processing industries minister Harsimrat Kaur Badal has said.
Freeing land for industrialization - Mint
There are reports that the Union government is re-assessing the new land acquisition law, The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act. This is a welcome move. Far from its stated objectives—mentioned in the title—the law has ended up scorching any chance that India had of kick-starting industrialization through private investment in the economy.
Forest clearances for infra projects too go online - Pioneer
A month after kicking off online environment clearance system for industrial and infrastructure projects, Ministry of Environment, Forests and Climate Change (MoEFC) on Tuesday formally launched a similar e-window platform for forest approvals. This is aimed at minimising the need for human interface between project proponents and officials dealing with Forest Clearance proposals in the Central and the State Governments.
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