Otmane El Rhazi : FM Jaitley against burdening salaried, middle class

Otmane El Rhazi from Moneycontrol Economy News.

Arun Jaitley He was replying to a question on whether his budget would look at widening the tax base to maximise revenue. Jaitley, who will be presenting his first full fledged Budget in February, said that in his last budget he had increased the tax exemption limit from Rs 2 lakh to Rs 2.5 lakh and would even raise it further if he had more money.

Otmane El Rhazi : India Inc’s Oct foreign borrowings up 44% at $2.78 bn

Otmane El Rhazi from Moneycontrol Economy News.

India Inc's Oct foreign borrowings up 44% at $2.78 bn Domestic firms had raised USD 1.93 billion the overseas market in the same month a year ago. Of the total borrowings during the month, USD 69.43 million was raised through the approval route, while USD 2.71 billion came through the automatic route.