Tata Motors Q3 rises about 13-fold on higher JLR sales at Rs 12 bn Tata Motors Ltd reported about a 13-fold rise in quarterly profit on Monday, driven by higher sales from its Jaguar Land Rover business after a particularly weak quarter a year earlier. READ MORE Sectoral Trends Sensex top gainers and losers Markets at close Benchmark indices fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week. The S&P BSE Sensex ended at 34,757, down 309 points while the broader Nifty50 index settled at 10,666, down 94 points. Boost non-tax revenue: Further fiscal slippage to dent Budget's credibility In the run-up to the Union Budget, the primary concern for most observers was the state of the fiscal health. Union Finance Minister Arun Jaitley did little to allay the apprehensions as he announced a slippage of 30 basis points (bps) in the fiscal deficit for FY18. Worse, the fiscal deficit for the next year has been targeted at 3.3%, which is quite a distance from Mr Jaitley’s initial promise in 2014 to achieve the 3 per cent mark in three years. He has now postponed getting to 3% to 2020-21. CLICK HERE FOR FULL STORY Indirect Tax: Budget on customs could have been more positive The indirect tax Budget of 2018-19 was not expected to devote any time to GST. So the officers had all the time to achieve a meaningful improvement in the customs tariff. Only the sufferers know that the customs tariff has got 19 rates of duty. Then there are hundreds of exemptions and conditions and lists which make customs duty classifications quite complicated. CLICK HERE FOR FULL STORY
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