1. Streaming services like Netflix, Amazon may come under tax net in Budget
Encouraged by ballooning revenue from the equalisation levy on online advertising fees, the government feels there is scope to expand it to digital content streaming companies such as Netflix and Amazon Prime, said sources in the know.
The collection target this year is steep and the revenue situation less than ideal. In such a scenario, the government might consider the proposal to tax these services in the Budget, to be presented next week. Read more here
2. India's current account deficit narrows sharply to 0.7% of GDP