INDUSTRY VIEW 5-India budget raises taxes on some companies

Newswire

(Recasts first two paragraphs, adds comments) MUMBAI, Feb 28 (Reuters) - India unveiled higher-than-expected spending for fiscal 2013/14 on Thursday, hoping to fund it with higher revenues - including new taxes on the rich and large companies - in a budget aimed at reviving growth amid the country's worst slowdown in a decade. An added surcharge on local firms with incomes of over 100 million rupees ($1.84 million) and a 10 percent surcharge on individuals with ...

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