Feb 28, 2013, 09.02 PM IST
SC-BABHALI 2 LAST
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SC-BABHALI 2 LAST
SC-BABHALI 2 LAST
Like this story, share it with millions of investors on M3
SC-BABHALI 2 LAST
SC-BABHALI 2 LAST
The apex court said the committee has to ensure that The apex court said the committee has to ensure that "Maharashtra releases 0.6 TMC feet of water to Andhra Pradesh on March 1 every year and it maintains the capacity of Balegaon barrage to 1.5 TMC feet..." Andhra Pradesh had alleged that Maharashtra had violated terms of the agreement of 1975 between the two states by constructing the Babhali barrage in the reservoir/water spread area of Pochampad project of Andhra Pradesh. Andhra Pradesh had termed the construction of the barrage as illegal and unauthorised, since it would deprive the state in general and its inhabitants in particular in the districts of Adilabad, Nizamabad, Karimnagar, Warangal, Nalgonda, Khammam and Medak of having water for irrigation and drinking purposes. Maharashtra had opposed the plea of Andhra Pradesh saying saying that as per the 1975 agreement, construction of projects for using its share of water is its prerogative and the only cap is that the utilisation should not exceed 60 TMC feet of water. PTI HMP AAC RKS ZMN
highlights
- No case to revise direct tax rates, slabs
- Super rich tax: 10% surcharge on income above Rs 1 cr
- Increase excise duty on SUV's from 27% to 30%
- No change in standard rate of excise duty, service tax
flashes
- 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
- Budget Reaction: Fitch Says Commitment To Fisc Cons, Despite Poll, Encouraging
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
Retired Person
REACTIONS
reaction on: Business
Anirudh Dhoot
President- CEAMA & Director | Videocon
reaction on: Markets
Dipen Shah
Head of PCG(Private Client Group) Research | Kotak Securities
reaction on: Markets
R Venkataraman
Managing Director | India Infoline
reaction on: People
Marzin R Shroff
CEO - Direct Sales & Sr VP- Marketing | Eureka Forbes
reaction on: Business
George Alexander
MD | Muthoot Fin
What got Cheaper / costlier?
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