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.
We have failed terribly at two important things. One, we are reacting to this issue only emotionally, not logically. And two, we are not asking the right questions.
WhatsApp privacy policy case is among a string of matters involving practices like restrictive platform rules, pricing & billing policies, reflecting India’s tight scrutiny of market dominance.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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