From EC's Budget diktat to Trump pulling out of TPP: 5 key developments

In other news, FRBM panel's recommendation constrains govt's spending space

Business Standard brings you the key developments from across the country and the world.

EC bars govt from announcing schemes for poll-bound states in Budget

The Election Commission (EC) on Monday night gave its nod to the Centre to present the Union Budget on February 1 ahead of the Assembly polls, but said no schemes related to these poll-bound states can be announced. Further, the EC said that the finance minister's speech should not refer to the government's achievements in these states. It also reminded the government of a 2009 advisory which said vote-on-account instead of a full-fledged Budget is presented ahead