In only three months, the government has had to give in to pressure from various trade unions to change its stance on employee provident funds -- which it had envisaged as a social security scheme and not as a savings account. A look into the key events that shaped the development.
Chief Minister N Chandrababu Naidu made a PowerPoint presentation to Union Rural Development Minister Chaudhary Birender Singh on the state's requirements and the steps taken to make AP drought-free in the next three years.
According to the study, companies in the construction sector continued to witness negative cash flows from operations in 2015-16, which is likely to improve gradually to near zero levels this fiscal as more orders procured during the last two years are executed.
"States are requested to align their focus to the thrust provided in the Union Budget to promote investment and growth in the rural sector... It is imperative to step up capital expenditure at state level also," Finance Secretary Ratan Watal said.
Just ahead of the Union Budget, with the market trading close to 23,000 levels and a lot of pessimism building in, Manishi Raychaudhuri of BNP Paribas told CNBC-TV18 he expects the benchmark to reach 29,000 by December this year.
The rupee resumed lower at 66.58 per dollar as against yesterday's closing level of 66.53 at the Interbank Foreign Exchange (Forex) market and dropped further to 66.64 on initial American currency demand from banks and importers on the back of higher dollar in overseas market.
Finance Minister Arun Jaitley in his Union Budget speech in February said, "The process of transformation of IDBI Bank has already started. Government will take it forward and also consider the option of reducing its stake to below 50 percent."
"The Centre should accept its mistake and roll back the duty immediately. Rather than harassing our jewellers, we should promote them... our party raised the issue in Parliament and I will write a letter to the Prime Minister on the issue and ask him to roll back the excise duty of 1 percent on jewellery sector," the CM said.
"One piece of jewellery consists of many parts made by different people and artisans. To keep records of each and every part of the single jewellery will be cumbersome and require additional manpower and infrastructure, which is difficult for many jewellers to manage," Sreedhar said.
Former Union Finance Minister Yashwant Sinha today pitched for reforming the budget making exercise, saying secrecy surrounding it should be done away with in the "era of transparency" and that any changes in excise and customs duties should come into effect only after Parliament passes them.