Budget proposed to raise the insurance cover on bank deposits to Rs 5 lakh from Rs 1 lakh.
On policy rate, RBI opted for status quo after the Budget slipped on fiscal deficit target.
The buzz is that almost 90 per cent of the market participants who came to the party were sceptical about the market prospec...
Govt plans to merging National Insurance Co, United India Insurance Co & Oriental Insurance Co by March.
Budget proposal to abolish dividend tax for companies could encourage more payouts to investors.
IDBI Capital said the Budget was mildly positive for consumer and retail sector.
The BSE Realty index has tumbled 6.5 per cent in two sessions to 2,361 from 2,526 on January 31.
IIFL Securities said the Budget has raised allocation on LPG and kerosene subsidy by 6 per cent for FY21.
FM Sitharaman on Saturday did not announce the much-awaited scrappage policy.
Many felt the provisions were not as harsh as perceived, even as longer-term risk loomed.
The FY21 divestment target, if met, will be a record.
Analysts said a handful of stocks are set to draw large benefits from the Budget.
Demand for gold last year had dropped by 9 per cent from 2018 to 690.4 tonnes .
Infrastructure investments will spur job creation in asset building, upkeep, and utilisation.
It was equally important not to lose sight of fiscal prudence and ensure macroeconomic stability.
Budget 2020 raised the BCD on rough coloured gemstones to 0.5 per cent from nil.
All these reforms will bear fruits in the long term with a solid foundation.
Most poll participants are more sanguine about market prospects by December.
Tax experts said FPIs operating as trusts won’t be able to claim treaty benefits.
The listing of LIC is an important move as it would bring transparency by the entity, Kumar said.
The government has restricted the exemption on indirect transfers to category-I FPIs only.
Budget tries to deliver on multiple fronts but stops short of focusing on one impactful measure.
IPO may help raise vital resources for the treasury and improve transparency at the country’s largest insurer.
Market participants gave a big thumbs down to FM Nirmala Sitharaman’s Budget.
Finance Minister Nirmala Sitharaman said LIC will be listed as part of the government disinvestment initiative.
Adoption of new income-tax regime would not be rapid, said Jiten Parmar.
FM left it to the taxpayers and farmers to address the demand-side woes of the economy.
Overseas investors on Saturday sold shares worth Rs 1,199.53 crore in the cash market.
Budget may have largely failed to enthuse investors, but it did create buzz some stock counters.
Fiscal deficit at 3.5% for FY 2021 in line with market expectations, says Lakshmi Iyer.
Budget didn't have specific sops for any sector, be it auto or real estate, as widely expected.
The minister said revenue foregone due to DDT removal will be Rs 25,000 crore.
RBI pays dividends to the government annually, and allocated Rs 1.23 trillion last year.
The administration plans to borrow 7.8 trillion rupees in the year starting April 1.
"In May 2019, Prime Minister Modi received a massive mandate to form the government again."
There will be 6,500 projects spread across related sectors.
According to industry estimates, infrastructure provides 15 per cent of the total cement demand.
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3 Budget themes: Aspirational India, Economic Development, Caring Society
Around 70 exemptions removed under the new regime, says Nirmala Sitharaman.
Credit guarantee scheme for NBFCs to be extended, said Nirmala Sitharaman.
The government has also set a divestment target of Rs 2.1 lakh crore for FY21.
Nirmala Sitharaman announced that more Tejas type trains will run to connect iconic tourist destinations.
Sensex plummeted 988 points on Saturday to close below the key 40,000-mark, led by an intense broad-based selloff after Budge...