Sensex zoomed 2,314.84 points to finish at 48,600.61 and the Nifty rose 646.60 points to have the biggest single-day gains ever for the benchmarks on Budget day.
Modi govt should follow this by reducing red-tape, simplifying tax & regulatory framework, and reforming financial sector to create environment for investment.
An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.
Finance Minister Nirmala Sitharaman Monday announced Rs 1.15 lakh crore for defence pensions, about 13 per cent less than the Rs 1.33 lakh crore that was allocated last financial year.
Finance Minister Nirmala Sitharaman announced the new Agriculture Infrastructure and Development Cess in the Budget, but clarified it will not increase the prices of commodities.
The budgetary estimate for MGNREGA for 2020-21 was Rs 61,500 crore. The Centre allocated an additional Rs 40,000 crore as part of the Pradhan Mantri Garib Kalyan Yojana.
According to govt data, the number of people who contribute more than Rs 2.5 lakh per annum is less than 1% of the total number of contributors in the Employee Provident Fund.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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