Former chief economic advisor pays tribute to Jaitley



His sharp mind, sober head, and restraining hand will forever be unavailable as India navigates its uncertain economic and political future, says Arvind Subramanian, Chief Economic Advisor under former finance minister Arun Jaitley.



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As FM, Jaitley will be remembered for fiscal rectitude



For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.



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From Amazon to Flipkart: E-commerce firms bet big on brand Handloom



Handloom and handicraft buyers are urbane, digitally savvy and aware of the huge benefit that market linkages could provide the community of artisans, and Flipkart and Amazon seek to leverage this to expand their footprint and recall, report Romita Majundar and Neha Alawadhi.



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No surcharge on CG from stocks and derivates for FPIs



The derivatives (futures and options) are not treated as capital asset and the income arising from the transfer of the derivatives is treated as business income and liable for normal rate of tax for domestic investors, an official statement said on Saturday, clarifying the stand of tax authorities on gains made from derivatives trading.



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India Inc hails Jaitley's reform measures



Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.



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