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Tax-free medical expenses cap may be hiked -Sidhartha & Surojit Gupta

-The Times of India NEW DELHI: The government is reviewing the tax-free medical reimbursement limit, currently fixed at Rs 15,000 a year, besides looking at making it more attractive for individuals to buy medical insurance policies. Sources said both the issues are being looked at ahead of the Budget with some indicating that there is a possibility that the limit on tax-free medical reimbursement from employers may be raised to Rs 25,000...

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Land rap on govt

-The Telegraph New Delhi: The Supreme Court today pulled up the government for engaging in endless litigation over land acquisitions, denying due compensation to farmers. "You have enacted the new land acquisition law for payment of compensation to farmers, but you don't pay the farmers for years. You (the defence ministry) spend Rs 100 crore for the Republic Day parade but when it comes to payment of compensation to the poor farmers,...

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New GDP Numbers Make Jaitley Happy -Lola Nayar

-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now.   Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...

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Arun Jaitley hints at more spending cuts ahead of Union Budget

-PTI   Having already crossed the fiscal deficit target in November, Finance Minister Arun Jaitley on Friday hinted at more cuts in spending so as to contain it within limits for the current fiscal, saying he does not believe in living on borrowed money. "We're trying to rationalise expenditure as far as the government is concerned because we do not want the government to live on borrowed money indefinitely," he told a gathering...

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The twist in the growth story -C Rangarajan

-The Hindu Reforms must be part of a continuing agenda. The basic principle guiding reforms must be to create a competitive environment with a stress on efficiency. In many ways the coming decade will be crucial for India as growth is the answer to many of its socio-economic problems The data on national income released recently give a new twist to India's growth story. The most significant change is with respect to...

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